Chitownproperty

Federal Reserve Chairman Alan Greenspan said this week that homeowners can likely withstand a decline in home values because they have built considerable equity in their homes. But he and federal regulators warned against risky mortgage programs that may put some buyers in a difficult position if prices do fall. Interest-only loans or various adjustable-rate mortgages can put people at risk because they build little equity in their homes while exposing them to interest rate fluctuation.