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.
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.
President Bush and Fed Chairman Ben Bernanke recently addressed the nation's wage and income disparities. Steve Tripoli reports on some new analysis that shows those gaps are widening.
Subprime mortgages are getting all the bad press. But other kinds of subprime borrowing — from credit cards to fast-cash — are just as common, leaving more Americans paying more for loans. Steve Tripoli reports.
The number of failed mortgages is continuing to rise. Marketplace's Steve Tripoli talks with Kai Ryssdal about the shenanigans that have put a lot of new homeowners in trouble.
Former Qwest CEO Joseph Nacchio goes on trial today in Denver on charges of insider trading. Nacchio profited mightily before the telecom giant's stock collapsed. Steve Tripoli reports.
Markets in developing nations are growing fast and as they do, they often skip a generation of technology. The latest example: Internet phone provider Skype now has more customers in China than the U.S.
Some experts are pointing to a securitization equation: No consequences for loan originators + investors bundling risky loans = a menu ripe for subprime abuse.
Analysts are speculating that New Century Financial could be another casualty in the subprime mortgage market. How did the industry get in such a mess? Steve Tripoli reports it was step by reality-ignoring step.
