Housing

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.

British banking giant HSBC is facing bad-debt charges of more than $10 billion — worse than analysts expected. The company blames U.S. mortgage holders who aren't making payments. As Alisa Roth reports, HSBC's not the only one in trouble.

The slowdown in the U.S. housing market has rippled all the way across the Atlantic. A British banking group has warned that bad debts will be much greater than expected.

While the housing market continues its decline, commercial real estate is a red-hot investment opportunity thanks to rising rents and low interest rates.

Mortgage payments are on the rise for homeowners who took advantage of that sub-prime loan frenzy a few years back. As many as 20 percent could lose their homes, fears commentator Robert Reich.

New-home sales were up in December, according to the Commerce Department. But 2006 was a year the home-building business would rather forget. Sales suffered the biggest drop since 1989. What's next?

Some builders in New York have discovered a growing niche in the housing market: families who want the comforts of a suburban lifestyle without the commute. Lisa Napoli has the story.

Two of the country's biggest homebuilders, Centex and KB Home, gave us a sign today that the nation's housing boom may, indeed, have hit bottom. Alisa Roth reports.

Cities in Texas, New Jersey, Missouri and Pennsylvania have passed laws that bar illegal immigrants from renting apartments. So, illegal immigrants are taking ownership of the problem. Joy Diaz reports.