At Mary Immaculate Parish in Pacoima, Calif., dozens of parishioners are at risk of losing their homes. Father John Lasseigne's been trying to help them by organizing them to negotiate with their banks. He talks with Kai Ryssdal.
The credit markets are still stuck tight, according to the usual gauge people look at — the LIBOR index. It used to be a pretty obscure financial benchmark that only mattered to bank bureaucrats. But not any more. Mitchell Hartman explains.
To find out how Treasury's mortgage rate-cut plan might come together — or whether it's even possible — Kai Ryssdal talks with Susan Wachter, professor of real estate at the University of Pennsylvania.
Treasury Secretary Paulson is said to be considering a plan to use Fannie Mae and Freddie Mac to push down mortgage rates for new home purchases to as low as 4.5%. Marketplace's Steve Henn reports.
The government is looking at persuading banks to lend at rates of 4.5 percent. That's about a percentage point lower than the current rate for a typical 30-year mortgage. Ashley Milne-Tyte explains how.
Finding a job in another city helps broaden horizons for many people looking for work. But people are more reluctant to relocate these days on fears that they won't be able to sell the house. Steve Henn reports.
Homeowners with adjustable-rate mortgages are reaping the benefits of increased demand of Treasury bills. With investors seeking refuge in T-bills, yields have come down. Jeff Tyler explains.
A major credit reporting agency is saying that the number of mortgage delinquencies is hitting new highs. The main reason people are falling behind is adjustable-rate mortgages. Ashley Milne-Tyte reports.
Malls across the country are entering foreclosure as store sales are down and mall owners can't refinance in times of tough credit. Nancy Marshall Genzer looks into the credit crunch's effect on malls nationwide.
