Stories Tagged as
Housing
Fed's action gives markets some relief
by
Jill Barshay
Aug 17, 2007
The Fed today cut the discount rate -- what banks pay to borrow from the Fed -- by half a percentage point. Banks use it only when they're in a bind. Like the one they've been in the past couple of weeks. Jill Barshay reports.
The official line: You're on your own
by
Bob Moon
Aug 16, 2007
Treasury Secretary Henry Paulson and the head of the Federal Reserve bank in St. Louis had basically the same message today -- despite the market unease, there's no plan for government intervention. Bob Moon has more.
Jumbo loans feel subprime weight
Aug 15, 2007
Some in Congress and the mortgage industry want the government to allow Fannie Mae and Freddie Mac to buy up bigger loans. So far, no deal. Stacey Vanek-Smith reports on how that's affecting potential homebuyers in some of the country's most expensive housing markets.
Stacey Vanek-Smith
What score do rating agencies get?
Aug 15, 2007
There are lots of bogeymen in the subprime crisis -- lenders, brokers, investors, even homeowners. And here's another one: credit rating agencies. Kim Clark of U.S. News and World Report explains their role.
Getty Images
Let's just call them garbage mortgages
by
Scott Jagow
Aug 13, 2007
Allan Sloan says subprime is too nice a word for the high-risk mortgages that were bundled then sliced and diced and served up to investors. He says maybe they'd have thought twice before buying into garbage mortgages... or maybe not.
How did we get here?
Aug 10, 2007
With markets and investors in something of a state of panic, we turn to industry insiders King Penniman and Bill O'Grady to explain what's happening and who's ultimately responsible for this mess.
Betting against subprime lenders
Aug 9, 2007
Some people have been "shorting" the companies that created and financed the subprime mortgage debacle. Steve Tripoli has been asking whether there's still time for a profitable bet against the architects of subprime.
For public good, not for profit.
Bush not pumped about gas tax
by
Kai Ryssdal
Aug 9, 2007
At a news conference, President Bush made it clear what he thinks of a higher gas tax to fix the nation's infrastructure. He also fielded a larger-than-usual array of questions about the state of the U.S. economy.
Bear hit raises fears of debt crisis
by
Steve Henn
Aug 3, 2007
Wall Street is hoping the subprime mortgage crisis won't spread. But Bear Sterns' debt rating got downrated today, and some economists aren't sure the problem has been contained. Steve Henn reports.
A foreclosure storm on the horizon?
by
Steve Henn
Aug 3, 2007
The announcement that American Home Mortgage will drastically cut operations and lay off 7,000 may be just the beginning of a crisis in the U.S. lending market. Steve Henn reports on how deep the problem goes.