Housing

With so many foreclosures across the country, it's only natural that many foreclosure auctions will follow. Scott Jagow talks to Sean O'Toole of ForeclosureRadar.com about how these auctions work, and who's buying.

The Bush administration and six major mortgage lenders have unveiled "Project Lifeline," the latest response to the ongoing turmoil in the housing market. The plan could freeze foreclosures for as much as one month for seriously troubled homeowners. Jeremy Hobson reports.

Warren Buffett has offered to reinsure $800 billion in municipal bonds to help struggling bond insurers hampered by fallout from the credit crunch. The deal would likely allow the municipal bonds to receive a AAA rating. Dan Grech reports.

A new estimate predicts a $400-billion hit in subprime write-offs. But Jurgen Hambrecht says if banks simply worked the way European manufacturers did, there would be little cause to worry. Stephen Beard reports.

Part of the stimulus package will allow Freddy Mac and Fannie Mae to back much bigger home loans. Fortune Magazine's Allan Sloan says the federal government should keep a closer eye on lenders who would benefit the most.

As big homebuilders nationwide face their worst crisis in decades, the damage from the huge supply of unsold homes they built is rippling to lots of innocent bystanders. Steve Tripoli reports from a half-finished subdivision in South Carolina.

The subprime mortgage crisis continues to wreck havoc on millions of Americans. Commentator Kevin Mims considers the possibility of foreclosing on the house of his dreams.

A vacant home isn't the most desirable thing on the market, so cities across the country are offering to buy empty houses to help battle foreclosure damage on the real estate market. Jeff Tyler has more.