Housing

The subprime mortgage crisis has rippled across the pond and now British banking giant Barclays is demanding the immediate repayment of $900 million from U.S. subprime lender New Century.

Nervousness over the subprime mortgage market is causing some wild swings in the stock market. Kai Ryssdal talks with the Wall Street Journal's Kate Kelly about the big names who are entering the fray.

Some experts are pointing to a securitization equation: No consequences for loan originators + investors bundling risky loans = a menu ripe for subprime abuse.

Subprime lender New Century moved a step closer to bankruptcy as its lenders called in their loans. Track the falling dominos and it might push the whole economy lower, too. Hillary Wicai reports.

The nation's largest independent sub-prime lender may be the latest victim of the housing slowdown. New Century Financial says the banks that keep its money flowing are cutting the lifelines.

Analysts are speculating that New Century Financial could be another casualty in the subprime mortgage market. How did the industry get in such a mess? Steve Tripoli reports it was step by reality-ignoring step.

Sub-prime lenders are suffering double-digit drops on Wall Street. Consumer advocates say it's the fallout of shady lending practices, and today they launched a national campaign to address the problem.

HSBC, the U.K.'s largest bank, managed to post a 5 percent second-half profit in spite of $11 billion in losses due to sub-prime loans gone bad in the States.

Disneyland is suing its hometown of Anaheim, Calif. The park wants to make sure no new housing goes up within two miles of its front door. Pat Loeb reports.