That is, their combined mortgage debts exceeded their home values by more than 10 percent.

I feel Texas is going to come out of this pretty well.

Think positively! Pull your finance together as soon as possible during the economic slowdown. Don't wait for things to happen to you. Shave off some extra expenses, refinance that home loan, restructure some of your debts...

Humanity's collective demands have exceeded the earth's regenerative capacity by 26 percent. It is fearful that there are still large numbers of people dreaming the 'American dream', hoping to consume like the Americans.

The 30-year [fixed-rate mortgage] came in under 6 percent for the last 22 weeks of this year. As a matter of fact, mortgage rates in 2004 averaged around 5.84 percent, the second lowest annual rate ever recorded in the history of Freddie Mac's Primary Mortgage Market Survey.

I counsel anyone who asks me, they ought to get out of their adjustable-rate mortgage now if they're going to live in their house for more than three or four years,