Apr 16 Housing Market Continues to Stumble By PBS News Hour New home starts fell more than 10 percent in March, according to new government numbers released Thursday, while foreclosures surged 24 percent in the first quarter of the year. Continue reading
Apr 09 Watch Other News: Obama Touts Mortgage Plan; Kim Jong-il Makes Rare Public Appearance In other news, President Obama urged homeowners to take advantage of new programs designed to help them refinance their mortgages at lower interest rates. Also, Kim Jong-il accepted a third term as North Korea's supreme military leader. Continue watching
Apr 03 Watch Other News: Iowa Court Legalizes Same-Sex Marriages Iowa's Supreme Court ruled that the state's ban on gay marriage is unconstitutional, and mortgage giants Fannie Mae and Freddie Mac will pay more than $210 million in bonuses through next year as an incentive to get more than 7,600… Continue watching
Mar 23 Watch Glut of Foreclosed Homes Encourages Scams, Desperation With the national foreclosure rate still climbing, some chose to live in foreclosed homes while others have been the victims of "rent skimmers," people who pretend to own a foreclosed property and scam tenants out of thousands of dollars in… Continue watching
Mar 18 Watch Fed to Pump Another $1 Trillion Into Economy The Federal Reserve announced Wednesday that it will devote another $1.2 trillion to unfreeze credit markets and help stimulate the sluggish economy. Greg Ip of The Economist provides details on the move. Continue watching
Mar 12 Watch Spike in Foreclosures Reveals Continued Housing Trouble Foreclosure filings continue to rise nationwide, with new data showing an increase of 30 percent in February from the same month one year ago. An analyst assesses the numbers and how they tie to the overall economic picture. Continue watching
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… Continue watching
Mar 05 What Would Happen if Washington Let Big Banks Fail? By Business Desk Question: What would happen if the government let Citibank and Bank of America, et al., just fail? Paul Solman: The possibilities are various, intriguing, and terrifying. Let’s say Citi goes under. The government has to honor all of the company’s… Continue reading
Feb 24 Watch Polls Signal Support for Obama, Concerns on Economy New polls reveal continued public approval of President Barack Obama and a range of concerns on the economy. Two political reporters discuss what the public is thinking -- and why -- one month into the Obama presidency. 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