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Inside $85M California mega mansion
The National Association of Realtors said that sales of existing homes with price tags of more than a million dollars increased more than 16 percent last month, year over year. But as Carter Evans explains, a million would barely get you a closet in one California home now on the market.
Related topics : million dollar homes for sale in california
Bigger mortgage settlements could be on horizon: N.Y. attorney general
JP Morgan Chase will pay $13 billion in a settlement with the U.S. Justice Department for its misdeeds in the financial meltdown. New York Attorney General Eric Schneiderman says the bank acknowledges it sold toxic loans its employees knew were at high risk for default and that federal prosecutors could decide to hold people criminally liable. Anthony Mason reports.
Related topics : federal loan bank of new york
Government rolls out new student loan payment plan
For those taking out college loans, the government just rolled out a new payment plan. CBS News business analyst Jill Schlesinger has more.
Related topics : government loan student
Tornadoes tear through New Orleans, destroying homes
Tornadoes left a trail of destruction in New Orleans Tuesday, ripping off roofs, toppling trees and downing power lines. There are dozens of minor injuries, and more than 10,000 homes and businesses are without power. David Begnaud reports.
Related topics : new homes orleans
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