Fed: Home Equity Drops Below 50 Percent Americans' percentage of equity in their homes has fallen below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday. Homeowners' percentage of equity
Instead Of The Bailout, Give Homeowners A Break On Mortgage Payments (The Chattanoogan) Instead of the Feds trying to bail out all the homeowners, why don't they get the mortgage companies to offer owners in a bind the option of no house payments
Lennar 4th-Qtr Profit Increases 53% on Mortgage Rates (Update1) (Bloomberg.com) Dec. 15 (Bloomberg) -- Lennar Corp., the third-largest U.S. homebuilder by stock market value, said fiscal fourth-quarter profit increased 53 percent as people rushed to buy homes before mortgage rates
American Home Mortgage Nears Bankruptcy (NPR) The mortgage lending giant American Home Mortgage is teetering on the brink of bankruptcy. The Long Island, N.Y.-based firm says its credit lines are cut off and it may have
Trade deficit posts record (Reg Req'd) The country's current account, its broadest measure of trade, posted a record $195.1 billion shortfall in the first quarter.via
Should You Move Out Or Add On To Your House? The answer depends upon a variety of factors including where your job is located, the schools your children attend and how a remodel will position your house against others in
· A mortgage with a lien position subordinate to the first mortgage. That means if the borrower defaults and the house is foreclosed upon, the second-lien holder will be paid from what’s left after the first-lien holder gets its money.
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