Housing

We all might want to extend a helping hand to homeowners on the verge of defaulting. But a study suggests some of these borrowers -- house flippers and speculators -- might not be so deserving of help. Sam Eaton reports.

President Bush rolls out a rescue plan for homeowners facing foreclosure when their adjustable-rate mortgages adjust too far. Is it too little, too late? John Dimsdale reports on potential bailouts for lenders and borrowers.

Sure the American mortgage market may be all but flatlining, but that's actually given the housing market south of the border a healthy boost. Dan Grech explains.

A wildfire in Idaho is threatening billions of dollars worth of high-end real estate and that has inspired one insurance company to go to unusual measures to avoid getting burned. Elizabeth Wynne Johnson has details.

Survey says: Economists now cite massive defaults on subprime mortgages and heavy debts as the top threat to the U.S. economy. As recently as March, the possibility of a terrorist attack was still the greatest worry. Janet Babin has more.

The recent problems terrorizing the mortgage market are likely to scare off some investors for some time to come. But sale prices in the aftermath could also lure in bargain hunters. Steve Henn reports.

Bank of America got a lot of attention on Wall Street last week for a timely loan that saved mortgage lender Countrywide Financial. But it also got a heckuva deal, says Allan Sloan, the kind taxpayers can only wish the Fed and the ECB were getting.

Even as the subprime mortgage sector crumbles and lenders like Countrywide take out multi-billion dollar lines of credit to stay in business, ads appealing to people with bad credit are still surfacing on the Internet. Say what? Ashley Milne-Tyte reports.

Today's reports say new-home sales are up 2.8% and U.S. factory orders nearly 6%. But, wait. Those are the numbers from July -- before the subprime debacle and the credit squeeze. Jill Barshay has more.

New home sales numbers for July come out this morning and most analysts expect bad news as problems in the mortgage industry continue to leave builders with fewer and fewer potential home buyers. And the worst is still to come, Steve Henn reports.