The Inconvenient TruthTo start, we're completely overextended. According to data gathered by the Federal Deposit Insurance Corporation (FDIC) from the end of 2001 to the end of 2006:
- Loans secured by real estate are up 76% to $4.51 trillion.
- Residential mortgages for one- to four-family homes jumped 57.7% to $2.18 trillion.
- Commercial real estate loans rose 58.8% to $904 billion.
- Home equity loans are up 203.4% to $559 billion.