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Loan Modification

: Mortgage Lender Implode-o-Meter

Household Net Worth Plunges By Most Since Q4 2008, As Government Borrowing Surges

By Implode-Explode Heavy Industries

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"Arguably the most useful report to come out each quarter out of the Federal Reserve is the Z.1, or the Flow of Funds report, which was released minutes ago. And it's a doozy: household net worth (assets less liabilities) in Q2 2010 plunged by $1.5 trillion, almost exclusively due to a plunge in Corporate Equities ($0.9 trillion) and Pension Fund holdings ($0.7 trillion)."

Full post as published by Mortgage Lender Implode-o-Meter on September 17, 2010 (boomark / email).

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