Housing

Federal Reserve Chairman Ben Bernanke told the Senate Banking committee today he expects a year of slow-to-moderate growth. Then he said many unknown factors could stifle that growth. Kai Ryssdal has more.

Upset with the lack of action towards the housing crisis, the National Association of Home Builders said it would not be contributing money to elections this year. Jeremy Hobson reports on the power of money in politics.

Question: Hi - I have a $10,000 home equity line of credit (HELOC), which was essentially a 2nd mortgage when I bought my home 4 years ago. The...

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.