Fire sale at Lehman Brothers. The struggling bank will spin off its commercial mortgages as part of a plan to keep itself afloat. Lehman has lost nearly $4 billion in the fourth quarter. Janet Babin has more.
Scammers prey on desperate homeowners who have missed mortgage payments, offering to help save the home from foreclosure. Alisa Roth reports on how the fraud works and talks to a homeowner victim.
Do your retirement funds have any Fannie Mae or Freddie Mac stock in them? If so, you may want to check how much you've lost. Kai Ryssdal did, and he talks with Marketplace Money host Tess Vigeland about the financial hit you might not be aware of.
Does that sense that every American ought to own a home get us and our financial institutions into trouble? Commentator Gregory Ip says we need to answer that question before we decide what to do with Fannie and Freddie.
There's more we don't know about what's going to happen in the mortgage finance market than we do know. To get some perspective on the bailout of Fannie Mae and Freddie Mac, Kai talks with Karen Shaw Petrou at Federal Financial Analytics.
There are a lot of ways to try to measure the goverment's bailout of Fannie Mae and Freddie Mac. Sheer dollar amounts. Share prices. Bond yields. Or how about this: It's cheaper to get a mortgage today than it was last week. Janet Babin reports.
The government's mega-rescue plan for Fannie Mae and Freddie Mac boosted stock markets around the world. But what's in it for the American consumer? Will it loosen up the housing market? Janet Babin reports.
The takeover of Fannie Mae and Freddie Mac could cost taxpayers $200 billion, but could also help the housing and credit crunch. Host Bob Moon turns to Thomas Stanton of Johns Hopkins University to sort this all out.
With many communities hit hard by foreclosures, schools are reporting spikes in the number of homeless students this fall. Mhari Saito reports on how those districts — and their students — are coping.
Yale economist Robert Shiller's been watching the real estate market for a long time. He's the author of a new book called "The Subprime Solution." Since that would be a pretty popular thing right now, Kai Ryssdal asked him to explain it.