Housing

Fox News positioned itself as the cable news antidote to the "liberal" CNN. Now it's trying to work that same magic against CNBC with a new business news channel. Media critic Tim Rutten talks about Roger Ailes' next big move.

Commentator Karrie Jacobs says that when it comes to the crisis in the U.S. mortgage industry, the changing tastes of modern homeowners may be part of the problem.

The federal government is going to team with credit counselors and the mortgage industry to see what can be done to help borrowers avoid foreclosure. It's not all altruism. Steve Henn reports.

There are some signs the credit squeeze might be starting to turn around. Deutsche Bank says the market for a type of security known as CLOs appears to be on the rebound. What's a CLO and why should you care? Amy Scott explains.

Countrywide, the nation's biggest mortgage company, is gearing up for a major public relations campaign to improve its subprime-debacle image. Steve Tripoli reports that Countrywide needs to be careful how it deploys the PR playbook.

Have a home that just won't sell? One reason might be the soft market, or you're asking too much money for it . . . or you could just be a slob. If that's the case, you could do what Curt Nickisch did and hire a professional home stager.

Former Fed chairman Alan Greenspan was famous for his hard-to-read comments on the economy -- but now that he's retired, he's warning that the U.S. economy could be headed for a slowdown. Stephen Beard reports on what European economists are predicting.

Sales of new homes has hit a seven-year low, and home builders are obviously feeling the squeeze. But that's not the only industry that's going to feel the effects of what started with the meltdown in the subprime home loan market. Alisa Roth reports.

At a hearing today, U.S. senators tore into the three major credit rating agencies -- Fitch, Moody's and Standard & Poors -- over their roles in the subprime meltdown. At the same time, the SEC said it's investigating conflicts of interest. Amy Scott reports.