People facing foreclosure are becoming vulnerable to scammers promising to help modify loans. Reporter Rachel Dornhelm reports on one such scam in Oakland, Calif. and asks experts what consumers can do to stay safe.
The U.S. Commission on Civil Rights meets today to examine civil rights issues stemming from the mortgage crisis. Reports show some minorities may have been pressured into mortgages they couldn't afford. Ashley Milne-Tyte reports.
The Federal Reserve says it will buy U.S. Treasuries and mortgage-backed securities to inject $1 trillion into the economy. Homeowners looking to refinance mortgages could benefit. But there are potential downsides. Janet Babin reports.
Home construction for February was up 22%, due in large part to apartment construction. Should we be excited about the numbers? Ashley Milne-Tyte reports.
Despite the mortgage crisis, some lenders are still approving loans that end in default. Tess Vigeland talks to Salon.com reporter Alyssa Katz about how some brokers are now causing problems for the Federal Housing Administration.
Demand for Federal Housing Administration mortgage loans is on the rise. But reporter Amanda Aroncyk discovered that the same problems that contributed to the subprime collapse may now be threatening the FHA.
Today, the NAACP filed two class-action lawsuits against Wells Fargo and HSBC, claiming the two large banks forced African-Americans into subprime mortgages. Ashley Milne-Tyte reports.
A report out from RealtyTrac says nearly 1 in 300,000 homes received a foreclosure notice last month, which is up since January and since last year in general. Ashley Milne-Tyte reports where more of the foreclosures are centered.
