Everett Herald - For example, a house with a fair market value of $450,000 might have a first mortgage balance of $375,000 including back payments, plus home equity loans and other liens totaling another $125,000. That’s $500,000 of worth of debt on a $450,000 house Read More

American Reporter - It’s truly amazing to see how deeply Wall Street has been involved in what’s known as collateralized debt obligations (CDO), or the bundling of mortgages, home equity loans, car loans and credit card debt by hedge funds. A major Wall Street Read More

Times Daily - Ceaser-Hudson invested had almost 17 percent of its assets in mortgage-related securities — including collateralized mortgage obligations, home equity loans and pools of mortgages that were again combined into collateralized debt obligations Read More

NorthJersey.com - The fact that home values have declined 5.7 percent year-over-year in 83 metropolitan areas is particularly bad news for homeowners who have already drained their homes of equity through loans and cash-out refinancings to pay for home improvements Read More

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