Home Equity Loan Defaults Soar   One of the last sources of ready cash for homeowners looking to get money from their house appears to be shutting down and the results aren’t likely to be pretty for the economy.   The structure of these loans appears to spell trouble for many home lenders with big […]

Housing Prices To Free Fall in 2008   In keeping with our promise not to water down reality in what we cover for you at this site, we bring you news of a Merrill Lynch report released recently that said "The worse housing financial crisis in decades is only going to get worse."   The […]

2008 Housing Outlook   Although home prices nationwide are down 4.2 percent from a year ago, some economists are predicting "the worst is yet to come."   Just how bad will it get? According to Fiserv Lending Solutions, the median home price nationwide is expected to tumble 5.7 percent this year, which would make it […]