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.
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.
