For the latest in our Housing Madness series, we wanted to talk to someone taking advantage of the down market and buying property. Ashley Milne-Tyte found a first-time buyer in New York City -- where you'd least expect it.
Head of government agencies and investment banks went before a Senate committee to defend the Fed rescue of Bear Stearns, saying greater economic harm would have resulted if action weren't taken. Bob Moon reports.
U.S. senators say they are close to a deal on a bill that would include money for counseling people at risk of losing their homes, and incentives for communities and citizens to buy foreclosed properties. Jeremy Hobson reports.