Housing

Treasury Secretary Henry Paulson let it be known today that the White House has decided to consider letting Fannie Mae and Freddie Mac buy up jumbo loans, something it's been opposed to. And Fed Chairman Ben Bernanke added it better happen soon. Steve Tripoli reports.

The Fed has done its bit to help out the mortgage-induced credit crunch by lowering interest rates. Commentator Robert Reich says that's great for lenders and investors, but it won't do a thing for the little guy.

A poll out today from Reuters shows one-third of Americans believe we're heading for a recession. But who's to blame? Steve Henn did his own poll this morning in D.C.

It was no surprise that the Federal Reserve cut interest rates today. But what really caught people unawares was what rates it cut -- and by how much. Amy Scott reports.

In the last year, the number of warning letters sent to troubled mortgage-holders increased 115 percent. Steve Henn reports this may just be the beginning.

The Bank of England stepped in with an offer of emergency credit today to bail out Northern Rock, one of the U.K.'s biggest mortgage companies. Stephen Beard reports it's just the latest sign the global liquidity squeeze might not yet be contained.

Banks are throwing a lifeline of $12 billion in credit to Countrywide. As a result, their stock rose almost ten percent on the announcement. Lisa Napoli reports.

The subprime loan crisis is making some homeowners shift priorities. One big credit counseling service found that many clients are paying their credit cards before they cover the mortgage. Steve Tripoli reports.

New figures out today will show states like Arizona and Florida with the highest housing growth two years ago. Jeremy Hobson reports that now, these states suffer some of the highest foreclosure rates.