With home prices sliding, one out of three Americans who purchased a home in the past five years owes more on the mortgage than the home is now worth. Cynthia Bowers reports.
With home prices sliding, one out of three Americans who purchased a home in the past five years owes more on the mortgage than the home is now worth. Cynthia Bowers reports.
From better sex education to frank discussion of responsibility, fewer teens are having sex and those who do are doing it more safely. Randall Pinkston reports.
After a hedge fund bailout on Friday, the Dow Jones drops and leaves investors worried. The risky business of buying subprime mortgages is proving high risk indeed. Randall Pinkston reports.
The mortgage mess is hurting the market. A French bank shut down withdrawals on investments in U.S. subprime mortgages, and companies that had anything to do with housing fell. Kelly Wallace reports.
Federal regulators warned lenders to be much stricter in approving high-risk mortgages as homeowners are likely to default on them. Alexis Christoforous reports.
In an exclusive interview with CBS News, Katie Couric speaks with Republican vice-presidential candidate Sarah Palin about her various positions on foreign policy and diplomacy.
Interest rates on subprime mortgages will peak this fall in an economic tsunami that may cost over two million people their homes. Michelle Miller reports.
Only On The Web: Senior producer Bill Owens and correspondent Anthony Mason preview tonight's newscast, which will look at the subprime mortgage meltdown, Edwards' campaign and cancer.
The credit crunch has made it harder for aspiring homeowners to get mortgages and for current homeowners to refinance the ones they have. Cynthia Bowers has more.
Friday: Tensions escalate between India and Pakistan after more than three days of terrorist attacks in Mumbai; Black Friday shoppers create chaos at a Wal-Mart; and acts of kindness in San Diego.
