Economy Apr 20 Watch ‘Strategic Defaulters’ Skip Mortgage Payments as Home Values Tumble As part of his continuing series of reports making sense of economic news, Paul Solman tells the story of some homeowners who have stopped paying their mortgages even though they can still afford them.
Economy Nov 24 Report: 23% of Mortgaged Homes ‘Underwater’ The number of U.S. homes worth less than the mortgages owed on them reached 10.7 million, or 23 percent of all mortgaged homes, in the third quarter, according to a new report.
Economy Apr 30 Watch Other News: House Advances Credit Card Regulations; U.K. Troops End Iraq Mission In other news, the House voted overwhelmingly to rein in credit card companies, and the Senate defeated a measure to give homeowners relief in federal bankruptcy court. In Iraq, British troops handed command of Basra to U.S. forces.
Economy Mar 05 Watch Other News: Jobless Claims Drop, Homes Plan Advances The number of U.S. workers filing for unemployment benefits dipped to 639,000 last week, and the House of Representatives moved forward on a bankruptcy home loan bill. Also, the president of Sudan expelled more aid organizations after the International Criminal…
Feb 20 Watch Some Find Silver Lining in Dark Economic Cloud The economic downturn isn't all bad for everyone. Paul Solman reports on some Americans who have seen their quality of life increase. Continue watching
Feb 19 Watch Public, Bankers, Analysts Debate Merits of Obama’s Foreclosure Plan Reaction in the banking world and among the public to President Barack Obama's plan to ease home foreclosures has proven mixed. Analysts debate the plan's merits and examine what the measure may mean for homeowners and lenders. Continue watching
Dec 25 Watch Foreclosure Crisis Brings Challenges, Opportunities to Stockton, Calif. The economic downturn in Stockton, Calif., one of the first communities in the country to experience the foreclosure crisis, is bringing challenges and opportunities there. Spencer Michels reports from the central California city. Continue watching
Dec 24 Watch Following the Bailout Money Trail Yields Few Answers With about half of the federal bailout allocation spent, questions remain about how exactly recipient banks used the money. Analysts give an update on where this $350 billion has gone. Continue watching
Nov 18 Watch Struggling Automakers Press Congress for Federal Aid On Capitol Hill Tuesday, Ben Bernanke and Henry Paulson defended their economic rescue strategy and automakers made their case for federal aid. Senators detail the debate over using bailout funds to help automakers. Continue watching