Housing

The nation's largest bank is expected to announce a $24 billion write-down and up to 24,000 layoffs due to subprime problems -- more than twice what it previously announced. Ashley Milne-Tyte reports on how the company didn't know how bad things would be.

The House and Senate have proposals to deal with the subprime mortgage crisis when they reconvene. But Danielle Karson reports it may be too little, too late for Congress to do anything about a possible recession.

Bank of America is buying Countrywide Financial. And JP Morgan Chase is salivating over Washington Mutual. Which made us wonder: How far will bank consolidations go? John Dimsdale reports.

Bank of America has agreed to buy Countrywide, sparing the nation's largest mortgage lender from bankruptcy. Ashley Milne-Tyte reports that the deal should spare customers from the disruptions of the bankruptcy process.

Treasury Secretary Henry Paulson said today the Bush administration may expand a program currently aimed at subprime borrowers to assist those with conventional, or "prime," mortgages. John Dimsdale reports.

Just because you can't afford the house doesn't mean you can't go window shopping. Cash Peters went perusing multimillion-dollar houses for fun, and found out that he wasn't the only big dreamer.

To combat abusive lending practices, seven states have launched a standardized registry for mortgage brokers. Eventually, regulators nationwide will know about those who fail to register. Steve Tripoli reports.

Question: I have a monthly mortgage of $786.33. I've been offered a deal where I pay $394.17 every 2 weeks, or $1 more per month. They state I'll...

Existing home sales numbers are projected to come up slightly from sharp lows. Steve Tripoli reports more downward price pressure is expected ahead for the new year -- so if you're selling a home, sell low.