The Federal Reserve on Thursday announced that, in 2007, American ownership in their homes as measured by equity fell below 50 percent for the first time since records were first kept in 1945 . During the 2nd quarter of 2007 the central bank reported that homeowners' equity slipped to a downwardly revised...
Two mortgage industry groups have weighed in on the new mortgage regulations proposed earlier this week by the Federal Reserve Board of Governors (FRB.) The first, a major critic of regulatory efforts to end predatory lending, was critical of the proposed regulatory changes announced by the FRB on Tuesday...