More Equity = Less Foreclosures

Nearly one third of Federal Housing Administration foreclosures completed in 2008 involved FHA loans with seller-funded down payment assistance.

Reading these types of news alerts just reinforces my beliefs that the more equity someone has (even if it is 6% - max down payment assistance allowed) the less likelihood of foreclosure.
Sent via BlackBerry by AT&T

Downward Commercial Pressure

Commercial real estate markets continue to struggle with a variety of pressures, the Mortgage Bankers Association reported in its 4th Quarter 2008 Commercial Real Estate Finance/Multifamily Data Book
Sent via BlackBerry by AT&T