1 Articles match "America","Second Mortgage","Subprime"

The Latest from RealtyTrac MORE
As Home Prices Plummet, When Will You Buy?
The sooner we get to the level that average renters income can afford a house mortgage, the earlier the economy will stabilize. It is sobering to realize that weve just gotten through one wave (subprime) and are heading into several more waves of risky loans. For example you see Bank of America adopting a massive, systematic loan modification program. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • As Home Prices Plummet, When Will You Buy?
    The sooner we get to the level that average renters income can afford a house mortgage, the earlier the economy will stabilize. It is sobering to realize that weve just gotten through one wave (subprime) and are heading into several more waves of risky loans. For example you see Bank of America adopting a massive, systematic loan modification program. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE