Housing

The FBI and Justice Department are investigating Countrywide to see if it misrepresented its financial position and the quality of the loans it made. But Nancy Marshall Genzer reports Bank of America is still planning to take over.

Chief executives from three top mortgage lenders hit by the subprime mortgage crisis went before a congressional panel to answer lawmakers' questions on how they were able to earn hundreds of millions of dollars while their companies were bleeding money. John Dimsdale reports.

Many homeless patients in Los Angeles hospitals aren't discharged in a timely manner because they have nowhere to go to recuperate. Jeff Tyler reports a new program is trying to address the problem.

Commentator and economist Glenn Hubbard says that to fix the housing crisis we must give the Federal Housing Administration more authority. He believes it should offer new loans to subprime mortgage holders so they can refinance.

Federal Reserve Chairman Ben Bernanke called for mortgage lenders to help defaulting homeowners by reducing the principal they owe on their mortgages. John Dimsdale reports banks are reluctant to follow the advice.

Question: I understand that the stimulus package includes a provision to raise the cap on conforming loans (i.e. when loans become jumbo). When...

Federal regulators for the mortgage securitizers Fannie Mae and Freddie Mac are lifting restrictions on the growth of their mortgage holdings. The caps had been put in place as a response to accounting errors in both companies. Nancy Marshall Genzer reports.

Construction went from being a leading contributor to employment growth to a leading source of unemployment. Dan Grech reports from a community near Miami that the Latino population has suffers a particular loss.