Sub-prime lenders are suffering double-digit drops on Wall Street. Consumer advocates say it's the fallout of shady lending practices, and today they launched a national campaign to address the problem.
HSBC, the U.K.'s largest bank, managed to post a 5 percent second-half profit in spite of $11 billion in losses due to sub-prime loans gone bad in the States.
Disneyland is suing its hometown of Anaheim, Calif. The park wants to make sure no new housing goes up within two miles of its front door. Pat Loeb reports.
Even as the housing market continues its slide, depleted university budgets and an upward trend in student enrollment have built a profitable little investment pocket in some college towns.
Economics correspondent Chris Farrell says low long-term interest rates are propping up the housing market — for now. But when rates ratchet up, the market still has plenty of room to fall.
New-home construction plunged 14% last month. Residential building is at a 10-year low. And January housing starts are down 38% over last year. Ashley Milne-Tyte reports on the housing market's search for the bottom.
The House has voted in opposition to President Bush's Iraq war plans, ending three days of speeches. Left unsaid, but not forgotten, was how to pay for the extra troops the president wants to deploy. Eric Niiler reports.
A major lender has announced it's going to stop making risky loans that help financially-stretched homebuyers pull together a down payment. That's likely to further weaken demand in the slumping housing market.
Con artists have found a new way to prey on nervous homeowners in danger of losing their properties. It's called a foreclosure release scam, and there are some sure danger signs to look for.
