Report finds major impacts on property values, tax revenues
You think you’re insulated from the subprime fallout just because your credit rating is good and you have a fixed rate mortgage? Think again.Foreclosures on loans to those with shaky credit are resulting in a severe drain on property values — even for families paying their mortgages […]

Stocks tank after negative business, homebuilder assessments
Gloomy economic forecasts from a roundtable of business executives and the nation’s home builders cemented fears that the housing slump and larger credit crunch will slow down growth well into 2008 and increase the risk of recession.
The National Association for Business Economics (NABE) released statistics saying that the United […]

Consumer Groups Press Congress to Amend Bankruptcy Code
Bankruptcy law changes are needed if hundreds of thousands of American families struggling with abusive subprime mortgages are going to escape foreclosure and the loss of up to $164 billion in home-based wealth, according to a joint call for Congressional action issued by the National Association of Consumer […]