Both lenders and regulators will be in the hot seat on Capitol Hill this week. With millions of American homeowners facing the threat of foreclosure and a growing number of lenders facing bankruptcy, Congress wants some answers.
We've heard a lot about the big names in subprime lending lately. But people like Frances Geary are struggling to keep their homes as mortgage payments rise. She talked with Jane Lindholm from her Upland, Calif., residence.
The number of failed mortgages is continuing to rise. Marketplace's Steve Tripoli talks with Kai Ryssdal about the shenanigans that have put a lot of new homeowners in trouble.
Some are calling for the Federal Reserve to lower interest rates to help insulate the economy against declines in the housing market. But others say the Fed is more concerned about inflation than recession.
About 60 miles north of Los Angeles is one of the last big open spaces left in this country that's near a major urban area. But it might not stay wild much longer. Kai Ryssdal talks about Tejon Ranch with writer Jon Gertner.
As the subprime mortgage sector approaches a full-scale meltdown, investment bank Goldman Sachs is talking about getting deeper into subprime lending. Is it a fire sale or a fool's market?
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.
Subprime lenders are in trouble. Foreclosures are up. Marketplace's Tess Vigeland talks with Kai Ryssdal about why that matters for the larger housing market and the whole economy.
Some experts are pointing to a securitization equation: No consequences for loan originators + investors bundling risky loans = a menu ripe for subprime abuse.
