Housing

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.

Some experts are pointing to a securitization equation: No consequences for loan originators + investors bundling risky loans = a menu ripe for subprime abuse.

Subprime lender New Century moved a step closer to bankruptcy as its lenders called in their loans. Track the falling dominos and it might push the whole economy lower, too. Hillary Wicai reports.

The nation's largest independent sub-prime lender may be the latest victim of the housing slowdown. New Century Financial says the banks that keep its money flowing are cutting the lifelines.

Analysts are speculating that New Century Financial could be another casualty in the subprime mortgage market. How did the industry get in such a mess? Steve Tripoli reports it was step by reality-ignoring step.