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Proposal to help home loan borrowers (Financial Times)
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The US could see the emergence of a market in negative equity certificates under a proposal floated by one of the country's regulators that is designed to help homeowners hit by tumbling prices in the housing market. |
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Unfortunately, given the market conditions Chase Home Finance has made the decision to eliminate the Home Equity Channel. Effective end of day Friday May 16, 2008 Chase Home Equity will no longer accept applications for home equity ... |
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The meltdown in the financial and housing markets continues to create a series of good news-bad news scenarios for consumers who either already own their own home or would like to buy one. Here's how areas of the market are affected: |
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He cites, for example, a woman distressed by her husband taking out a home-equity loan and buying mutual funds. When they fell 10%, she wanted to cut loses. That was during one of the 2007 corrections in the stock market. ... |
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