1 Articles match "Illinois","Magazine","Report"

The Latest from RealtyTrac MORE
Now Homebuilders Face Foreclosure
billion, Tousa is the largest publicly traded homebuilder to file bankruptcy and is one of 14 builders who have recently filed bankruptcy, according to Builder Magazine . in Illinois. “We’re in the worst housing recession in modern history,” Antonio B. Many of these homebuilders have lost more than 80 percent of their stock value — and have reported hundreds of million in losses to their balance sheet. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Now Homebuilders Face Foreclosure
    billion, Tousa is the largest publicly traded homebuilder to file bankruptcy and is one of 14 builders who have recently filed bankruptcy, according to Builder Magazine . in Illinois. “We’re in the worst housing recession in modern history,” Antonio B. Many of these homebuilders have lost more than 80 percent of their stock value — and have reported hundreds of million in losses to their balance sheet. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE