Articles About Home Improvement
- Author:
- Mike Ochs
- Posted:
- 10.14.2009
Home Equity Loan Delinquencies Spiral as Values Contract
Home equity loan delinquencies reached a record high of 3.52 percent during the first quarter of 2009, according to the American Bankers Association. That contrasts with the 3.03 percent reported during the fourth quarter of 2008. Late payments on loans climbed to a record 1.89 percent. Home equity loans also are partly to blame for […]
- Author:
- Mike Ochs
- Posted:
- 09.14.2009
“Home Sweet Home” Is Back in Style
Despite positive news about rising home sales, the number of Americans with under water mortgages might be as worrying as anything else happening in the economy. When people owe more on their mortgages than their home is worth, it limits their ability to pursue new opportunities because they cannot afford to sell. In Chicago, First […]