The Congressional Budget Office predicts the housing bill Congress is drafting will help only a small portion of homeowners heading to mortgage default. Commentator Richard Reich explains why Congress must broaden that bill.
Congress looks at global warming from a new angle today -- green buildings. Proponents say even modest changes to building codes can cut greenhouse gases significantly. Some argue green homes use 32 percent less electricity. Sam Eaton has more.
In World War II, scores of cultural landmarks in Germany were destroyed, including former royal palaces. Some were rebuilt quickly, while others are only now being revived as Germans look to connect with their past. Brett Neely reports.
Mortgage rates in some markets came down today, with banks offering certain jumbo loans at a little above 6% -- a lot cheaper than last week. Banks are loosening up on lending again because Fannie Mae and Freddie Mac have a new strategy. Jill Barshay reports.
The House is debating a $300 billion home-loan rescue package that would dramatically increase the Federal Housing Administration's role in cleaning up the subprime mess. Nancy Marshall Genzer reports on whether the FHA is up to the job.
Fannie Mae, the biggest mortgage underwriter in America, reported a loss of more than $2 billion last quarter. Investors are now bracing for more bad news when its federally-sponsored cousin Freddie Mac reports results later this week. Alisa Roth has the story.