Housing

President Bush has announced his plan to help homeowners in crisis but is it too little too late? Tess asks Nick Retsinas at the Joint Center for Housing Studies at Harvard.

Not long ago a broker could sell a house without trying very hard. But times have really changed. Lisa Napoli explores the new reality for realtors in the once red-hot market known as Greater Los Angeles.

The White House unveiled its official response to the subprime crisis today -- a rate freeze for some of the 2 million adjustable rate mortgages that are going to move higher over the next two years. Bob Moon has the details.

Producers of all kinds of TV programming are fighting what some argue is a losing battle against pirated video online. But as of today there's a new sheriff for hire. Lisa Napoli reports.

That mortgage relief the White House has been promising is apparently on the way. Word today is that a plan now is in place to freeze interest rates for some homeowners. Jill Barshay explains.

Subprime mortgages may be hurting the market now, but at some point these loans helped someone buy their first home. Dan Grech has the story of one immigrant family's housing success, then struggle.

A Florida fund that for 25 years gave school districts and local governments a safe place to park their investments has lost $10 billion in two weeks. Groups with money at risk led a run on the fund when they got nervous about its investments in subprime loans. Dan Grech reports.

Moody's Investors Service is warning it might soon downgrade $105 billion in debt related to structured investment vehicles. It's the biggest rating cut since the subprime crisis hit last summer, and not at all what the credit industry's looking for. Jill Barshay reports.

Treasury Secretary Henry Paulson says he hopes by the end of the week to have a plan for fixing some of the subprime mortgage meltdown -- but it's not going to be easy. Kai Ryssdal has more.

Is it time for the government to step in to stop falling house prices? Tess talks to economist Robert Shiller about the next steps in the housing crisis.