Mortgage Lenders Take Big Loss

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.

Duration : 0:1:54


Don't Panic! Big Banks are Failing!

Tags: CBS, Dow, housing, Jones, lenders, market, mortgage, News

Monday, November 16th, 2009 top mortgage lenders

3 Comments to Mortgage Lenders Take Big Loss

  1. appraisal values …
    appraisal values are thru the roof!

  2. aldoreyz on November 16th, 2009
  3. That sucks. Here …
    That sucks. Here more than 25% of the houses are empty because they are too expensive and no one can afford to buy them.

  4. LovelyMalevolence on November 16th, 2009
  5. Saw this coming in …
    Saw this coming in 2003…

  6. GlobalSufi on November 16th, 2009

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