Bank of America has agreed to buy Countrywide, sparing the nation's largest mortgage lender from bankruptcy. Ashley Milne-Tyte reports that the deal should spare customers from the disruptions of the bankruptcy process.
Several reports out today say Bank of America is in "advanced talks" to buy Countrywide Financial — the nation's largest mortgage lender, which lost $1.2 billion in the 3rd quarter of last year. Host Tess Vigeland has more.
Treasury Secretary Henry Paulson said today the Bush administration may expand a program currently aimed at subprime borrowers to assist those with conventional, or "prime," mortgages. John Dimsdale reports.
Just because you can't afford the house doesn't mean you can't go window shopping. Cash Peters went perusing multimillion-dollar houses for fun, and found out that he wasn't the only big dreamer.
To combat abusive lending practices, seven states have launched a standardized registry for mortgage brokers. Eventually, regulators nationwide will know about those who fail to register. Steve Tripoli reports.
Existing home sales numbers are projected to come up slightly from sharp lows. Steve Tripoli reports more downward price pressure is expected ahead for the new year — so if you're selling a home, sell low.
Big real estate developers and the newly rich are eying some of Ireland's most beautiful rural towns. But local authorities would like them to take their mansion-building money elsewhere. Stephen Beard reports.
The slump in residential real estate is the worst in 16 years, but that's given a boost to a little-known industry called mortgage field servicers. Mhari Saito reports on the largest privately-owned property caretaker.
Credit was the big story on Wall Street this year. With 2008 just a few days away, our Senior Business Correspondent Bob Moon takes a look back with host Amy Scott at the crunch that still has a tight grip on deal-making.
