Home equity total near record level In its latest quarterly statistical report, the Federal Reserve calculated that American homeowners' equity accounts totaled $10.9 trillion by mid-2007. That was the net difference between total home mortgage
Zoning read more...
Mortgage defaults on rise (Chicago Tribune) Increasing debt, interest rates and job losses blamed for spike in foreclosures Foreclosures on home mortgages are on the way up.
Mortgage Funds Dodging Subprime Bullet (BusinessWeek) Defaults in the subprime mortgage arena raise fears that the malaise might spread. But diversification reins in the risk for bondholders read more...
Community answers to housing problems remain varied, diverse While economists debate the existence of a real estate bubble, developers, housing advocates and some politicians are pushing for major changes in the way Southern California plans and builds homes.read
Housing Program Is Ready to Build By Eric Pera The Ledger LAKELAND -- A goal of Lakeland's inner-city revitalization is making homeowners of people who may have given up on that dream.via
(ARA) – Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It’s an important question because for many Americans their home equity represents the cornerstone of their personal wealth.
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