This week's interest rate cut by the Fed will give the housing industry a shot in the arm. But what will it mean for homeowners and potential home buyers? Steve Tripoli reports.
Right after the Fed rate cut was announced, economics correspondent Chris Farrell started getting e-mails from people asking whether they should refinance their homes. Chris answers that question with Scott Jagow.
Even with the housing boom at an end, interest rates are at their lowest levels in years. Are we headed for another wave of refinancing? Tess finds out and tells you what you need to know.
Housing meltdown or not, home prices are still out of reach in many cities. Rachel Dornhelm reports how friends, and sometimes strangers, are teaming up to buy together.
There's word of a new twist to the mortgage default mess. More home lenders are reportedly walking away from fights over delinquent home equity loans. But, that doesn't necessarily mean a free ride for borrowers. Steve Tripoli reports.
The nation's largest bank is expected to announce a $24 billion write-down and up to 24,000 layoffs due to subprime problems — more than twice what it previously announced. Ashley Milne-Tyte reports on how the company didn't know how bad things would be.
The House and Senate have proposals to deal with the subprime mortgage crisis when they reconvene. But Danielle Karson reports it may be too little, too late for Congress to do anything about a possible recession.
Bank of America is buying Countrywide Financial. And JP Morgan Chase is salivating over Washington Mutual. Which made us wonder: How far will bank consolidations go? John Dimsdale reports.
