Housing

Pages

$1 billion subprime bailout of sorts

Apr 12, 2007
Foreclosures are on the rise as more and more homeowners find themselves unable to refinance, stuck with mortgages they can't afford. But now a nonprofit is teaming up with two major banks to offer thousands a second chance.
Posted In: Housing

Subprime geography

Apr 5, 2007
Subprime lending casts a wide net. Steve Tripoli takes us through different types of subprime loans and the areas where lenders set up shop — and not just the poor communities are targeted.
Posted In: Economy, Housing

Prediction: Home prices fall 20%

Apr 5, 2007
Chris Farrell foresees a spring housing season with home prices headed back to 2003 levels, a market correction that's bound to lure the Federal Reserve into lowering interest rates.
Posted In: Housing

Rental market meltdown around the corner?

Apr 4, 2007
So far the rental market hasn't really been affected by the subprime mortgage crisis. But as more struggling homeowners are forced to return to the rental market, it's bound to impact prices and availability.
Posted In: Housing

Middle-class housing crunch

Apr 4, 2007
Housing costs have risen so high in some cities that entire regions are out of reach for most first-time home buyers. And in those areas, it's becoming a slow drain for the economy as a whole.
Posted In: Housing, Washington

Subprime's domino effect

Apr 3, 2007
A new report predicts the housing market will suffer greater fallout yet from the collapse of the subprime mortgage market. UCLA's Anderson Forecast says some non-subprime mortgages now appear unstable.
Posted In: Housing

Ohio helps homeowners avoid foreclosure

Apr 2, 2007
Faced with broad fallout from a weak economy and a widespread foreclosure crisis, Ohio is putting up state-backed bonds to provide a pool of refinancing money to help some struggling homeowners.
Posted In: Housing

Playing mortgage hot potato

Mar 29, 2007
Bankruptcy could be just around the corner for New Century Financial, but other lenders are making money buying and selling subprime loans it issued — a profitable fee-collecting game as long as they unload the loans before borrowers default.
Posted In: Housing

A subprime submarine?

Mar 28, 2007
Fed Chairman Ben Bernanke was on Capitol Hill today, where everybody wanted to know whether he thought the subprime market will torpedo the rest of the economy.
Posted In: Economy, Housing, Washington

Bigger hit expected from housing market woes

Mar 27, 2007
Some analysts are now saying publicly what others have been thinking: There's got to be a wider economic impact before the housing slump is over. Amy Scott reports.
Posted In: Economy, Housing

Pages