Housing

Everybody from the Federal Reserve to the European Central Bank to the newest fund manager on Wall Street is worried about subprimes and the liquidity crisis. But commentator Bruce Stokes says there's an even greater challenge out there.

The news keeps getting worse for many American homeowners. New data shows that the rate of home loans in foreclosure has hit a record high for the third quarter in a row. And there's no end in sight, Bob Moon reports.

This week, the LIBOR rose to a six-year high. And if you have an adjustable-rate mortgage, you know that's not a good thing.

Three key indicators popped onto economic radar screens yesterday and none of them brought good news. The credit and housing crises are starting to impact the larger economy, but are we on the steep road to recession? Steve Tripoli reads the signs.

Congress wants to help homeowners who are struggling to keep up with skyrocketing subprime mortgages. Forget a traditional bailout, Chris Farrell explains the beauty of the own-to-rent plan.

Beyond St. Peter's Basilica, the Vatican owns a lot of pricey real estate in Rome. Many of its tenants had come to believe they were protected from rising rents. But, as Megan Williams reports, their faith was misplaced.

Yesterday the Fed urged lenders to work out new loan terms for borrowers who risk defaulting on their mortgages, but that's only a request, not a requirement. Now it's Congress's turn. Will taxpayers pay to fix the subprime mess? John Dimsdale reports.

The Federal Reserve has asked mortgage lenders and loan companies to ease up on subprime borrowers who might be facing foreclosure. Marketplace's Steve Tripoli discusses the details with Kai Ryssdal.

Congress returns from recess this week. First up: what to do about the mortgage meltdown and ensuing credit market crisis. Some worry that lawmakers will be too generous with taxpayer money in the fix. Steve Tripoli reports.