Housing

As foreclosed homes flood the market, lenders are looking to get their money out as soon as possible. One way to do that is at auction. Jane Lindholm checked out the bidding where lots of homes were on the block.

The two government-sponsored mortgage companies face a slew of new rules because of recent high-profile scandals. But the political winds in Washington aren't favorable. Jeremy Hobson reports.

A group of lending industry leaders is hoping to forestall a Congressional fix with some solutions of its own. But growing impatience is likely to make it a tough sell on Capitol Hill. Jeremy Hobson reports.

House-hunters in the U.K. — particularly would-be first-time buyers — are getting desperate as property prices there continue to rise higher and higher and higher. Stephen Beard has this story.

Rising land values are putting the squeeze on trailer parks. In Washington state so many have closed it's turned into a full-blown housing crisis. Sam Eaton reports.

The credit industry has been allowed to aggressively pursue low-income borrowers and that's made a bad situation worse for many poor Americans. Chris Farrell says federal regulators are overdue to step in and stop the cycle of abuse.

Subprime lenders are going bankrupt and Congress is holding hearings on predatory lending. But commentator and economist Susan Lee still thinks there's an upside to subprime.

Something just doesn't feel right about having to answer to a boss, no? Freelance speechwriter James Braly explains that you take a big chance putting your livelihood in one person's hands. Better to spread the risk around. And give him a condo already.

Congress has been studying potential actions to curb the risky practices that led to the subprime crisis. Lawmakers are giving the private sector a chance to reform itself, but it better act soon, Steve Tripoli reports.

Given the state of the housing market, it wasn't entirely surprising when luxury homebuilder Toll Bros. warned it won't meet its earnings target for the year. Amy Scott reports even the wealthy are feeling some pain.