Fed's overlooked message: Dump your ARM now. if you can (MarketWatch) While the media and the market scrutinized every word of the Federal Reserve Board's message last week, it seemed to overlook the most important signal, which was there loud and clear for anyone reading between the lines.
Surprise cuts in equity lines chop homeowners from needed cash (at MarketWatch) When Denise Lopez bought two new tables, a floor lamp and a chair recently, her intent was to finance it with her home equity line of credit. But it wasnât long before she discovered that wasnât an option -- her HELOC had been frozen.
