1 Articles match "Equity","Homes","Wichita"

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No Place Like Home
Two natural disasters that severely impacted Kansas homes this year have brought the issue to the forefront. Edmiston attributed the rising foreclosures to three factors: a greater share of nonprime mortgages, which inherently come with higher default rates; payment shock that comes when non-traditional mortgage products reset to higher monthly payments; and the low amount of equity in many homes. Edmiston said most of the foreclosure problems in Kansas are in the urban As state Rep. Tom Borroughs noted this week at a housing conference here, Kansas is not on the cutting edge of
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • No Place Like Home
    Two natural disasters that severely impacted Kansas homes this year have brought the issue to the forefront. Edmiston attributed the rising foreclosures to three factors: a greater share of nonprime mortgages, which inherently come with higher default rates; payment shock that comes when non-traditional mortgage products reset to higher monthly payments; and the low amount of equity in many homes. Edmiston said most of the foreclosure problems in Kansas are in the urban As state Rep. Tom Borroughs noted this week at a housing conference here, Kansas is not on the cutting edge of
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE