The government is looking at persuading banks to lend at rates of 4.5 percent. That's about a percentage point lower than the current rate for a typical 30-year mortgage. Ashley Milne-Tyte explains how.
Finding a job in another city helps broaden horizons for many people looking for work. But people are more reluctant to relocate these days on fears that they won't be able to sell the house. Steve Henn reports.
A major credit reporting agency is saying that the number of mortgage delinquencies is hitting new highs. The main reason people are falling behind is adjustable-rate mortgages. Ashley Milne-Tyte reports.
Malls across the country are entering foreclosure as store sales are down and mall owners can't refinance in times of tough credit. Nancy Marshall Genzer looks into the credit crunch's effect on malls nationwide.
Little noticed in the day's headlines is this little tidbit: Existing home sales fell another 3% last month. The average house today is worth about what it was in early 2004. Commentator Dean Baker says attention must be paid.
When Donald Trump almost went bankrupt in the '90s, creditors made him give up his credit cards before he got help. Commentator Todd Buchholz says homeowners who face foreclosure have to give up some things too.