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Mortgage Lenders Take Big Loss

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Uploaded by on Mar 14, 2007

Huge losses by mortgage companies that lend capital to lesser-qualified investors led to a 200-point fall for the Dow and could have a large impact on the housing market. Anthony Mason reports. More on CBSNews.com.

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News & Politics

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  • appraisal values are thru the roof!

  • That sucks. Here more than 25% of the houses are empty because they are too expensive and no one can afford to buy them.

  • Saw this coming in 2003...

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