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    News and Articles on Equity Loan

    Archives: Equity Loan

    Insider: The skeptical season  Nov 7, 2009
    People who just a few years ago would have applied for a home equity loan for a remodeling project are now choosing to continue living with a kitchen that is 70s avocado rather than take on any new debt for fear that they will not be able to pay it back. But I digress. (Kingston Mariner, MA)

    Deeds recorded in Volusia County Oct. 5-9  Oct 25, 2009
    HSBC Bank USA, Ace Securities Corp. Home Equity Loan Trust and Ocwen Loan Servicing LLC to Kimberly Boggs and Amanda Boggs, lot 3, Woodlands at Glen Abbey, $220,000. Sandra T. and William Jeffrey Stover, and Sandra McManus Trust to James and Monica Fisher, lot 55, DeBary Woods, Unit II, $208,000. (Daytona Beach News Journal -- Business)

    South Financial Q3 loss widens  Oct 22, 2009
    The bank had $261 million, or 33 percent of its home equity loan portfolio, in Florida. Of the bank s $112 million in repossessed properties, 39 percent, or $43. (South Florida Business Journal, FL)

    Different Types of Home Loans  Oct 21, 2009
    Variable interest rate loans, fixed rate loans, split loans, capped loans and home equity loans are major types of home loan products in the Australian mortgage market ... Home equity loans also go by the name line of credit or revolving line of credit loans ... It is packed features and facilities easy access to funds through credit cards, check books, phone and online banking; withdrawal up the original limit without getting pre-approval; lower interest rates but higher credit limits than... (Suite101.com)

    Republicans and premature celebration  Oct 21, 2009
    The Fix - Morning Fix: A premature celebration for the GOP. The Fix THE FRIDAY LINES. (Harper's Magazine)

    Deeds recorded Sept. 28-Oct. 2, 2009 in Volusia  Oct 18, 2009
    Deutsche Bank National Trust Co., New Century Home Equity Loan Trust 2006 1 and Carrington Mortgage Services LLC to Thalia B. and Gilbert M. Montes, lot 40, block 280, Deltona Lakes, Unit 7, $128,000. Susan and David O. Caulder to Lexiomara Harris, lot 8, block 1734, Deltona Lakes, Unit 66, $125,000. (Daytona Beach News Journal -- Business)

    SBA loan designed to help struggling firms  Oct 11, 2009
    The safety net people had to borrow against real estate or get a home equity loan no longer is there the way it used to be. "Access to cash isn't what it used to be," he said. (Brainerd Daily Dispatch)

    No-Money-Down Loans That Sank U.K. Housing Return With Government Lending  Oct 9, 2009
    The remaining 30 percent is made up by an equity loan, co-funded on equal terms by government and housebuilder, and free of charge for the first five years. . (Bloomberg -- UK)

    Government will pay for reverse mortgages abuses  Oct 8, 2009
    She said many people would be better off and pay less in the long run if they took out a conventional home equity loan rather than a reverse mortgage. McCaskill said 10,000 people turn age 62 every day and there is a tremendous growing market for scammers. (Fulton Sun, MO)

    Huntington, PNC, U.S. Bancorp upgraded  Oct 1, 2009
    PNC carries plenty of risk due to expected losses in its business and home equity loan portfolios, Miller said. By our analysis, PNC is a high-risk, high-reward stock, he wrote in a report. (Cincinnati Business Courier, OH)

    Loans and Credit Card Offers for Ba...  Sep 30, 2009
    Finding home equity loans with bad credit isn't impossible ... Using a home equity loan to pay down credit cards (before cutting them up) can save money in the long run. (Suite101.com)

    Gold loans gaining respect  Sep 30, 2009
    While pawning the family jewels would be a sign of distress in the West, trading gold for cash increasingly is viewed in India as the equivalent of taking out a home equity loan to expand a business or simply to buy things. "This is the rural credit card," said V.P. Nandakumar, chairman of the Manappuram Group, one of the countrys biggest gold loan companies. (India Times)

    Jingle, jingle: Christmas (shopping) is here  Sep 25, 2009
    Now that the banks have their bailout packages, we should expect to see an avalanche of pre-approved credit card applications and home equity loan offers as these institutions try to activate their newfound wealth. Perhaps the essence of the stimulus package lies in the rhetoric of the central bank, rather than the underlying fundamentals of our national economy. (Fredericksburg.com, VA)

    Isle housing costs now highest in U.S  Sep 23, 2009
    3 percent have a home equity loan only; fewer than 1 percent have both. The median owner-occupant real property tax bill in Hawai'i is $1,368; 23. (Honolulu Advertiser)

    Credit scores suffer a big hit as recession spurs lending limits  Sep 22, 2009
    Yet a 20-point drop can be disastrous and mean paying up to $552 more a year in interest on a home equity loan, Fair Isaac and Informa Research Services data show. Credit line reductions are particularly problematic for small businesses, says Todd McCracken, president of the National Small Business Association. (USA Today -- Money)

    BlackRock's Fink Says Obama Loan Rules Threaten Mortgage Market's Recovery  Sep 19, 2009
    Fink said policies introduced this year to reduce foreclosures are flawed because they dont require home-equity loans to be wiped out before the mortgage is modified ... One concern is that many servicers, which handle billing and collection for mortgage owners, also home-equity loans that would lose all value in a foreclosure ... JPMorgan Chase & Co., Bank of America Corp., Wells Fargo & Co. and Citigroup Inc., the four largest servicers, own almost $450 billion of home-equity loans,... (Bloomberg)

    N.Y. Judge Takes on Foreclosures  Sep 13, 2009
    (CBS) After struggling to pay a home equity loan, Pat Antrobus was facing foreclosure, and thought she'd be forced from her Brooklyn, N.Y. neighborhood and the only home she's known, reports CBS News correspondent Seth Doane. "I could of taken out stock in Hershey's, Nestl's and Haagen-Dazs," Antrobus said. (CBS News)

    Final part: Answers to your housing questions  Sep 12, 2009
    One was a home equity loan used to pay credit card debt. Her name was not on any paperwork. (Atlanta Journal-Constitution -- Business)

    Business invention  Sep 3, 2009
    She wrote a 25-page business plan that helped her secure $250,000 in financing that included a $150,000 home equity loan from Regions Bank and $74,000 from another investor. She and her husband, Marcus, kicked in $25,000 of personal savings. (Memphis Business Journal, TN)

    New Disclosures Help Mortgage Consumers Know Risk  Sep 3, 2009
    You pay back only what you use, unlike an equity loan which grants you a fixed amount upfront and you must begin paying back immediately. Proposed provisions for these two types of mortgages will be under discussion for at least four months and may not become law until late this year or early next. (RealtyTimes)

    Home foreclosures continue to mount  Sep 2, 2009
    My home was completely paid for ten years ago then out of the blue I had to replace my roof (rafters and all - one of those sneaky leaks that travels down the rafters and studs and doesn t come inside so you can catch it in time), some major wiring in my home, my furnace, and, in terrific timing, the transmission went out on my car - the only way I could handle all of these expenses was to take out a home equity loan (a big one). Not long after, I not only lost my job but suffered through a... (Atlanta Journal-Constitution -- Business)

    Home Renovation Financing Options  Aug 30, 2009
    Choose between home equity loans, a home equity line of credit or mortgage refinancing ... Decide which type of home renovation financing option is best by evaluating the advantages between home equity loans, a home equity line of credit and mortgage refinancing ... Home Equity Loans for Financing Renovations. (Suite101.com)

    Realty 'deals' called scams  Aug 25, 2009
    The second case involved a home equity loan that a property owner in Corinth had given Reidy to pay off a debt, Catone said. An investigation into Reidy's dealings started in May, when the first alleged victim tried to purchase another piece of property and found out that she still owed money on the home she thought had been paid off, Catone said. (Albany Times Union)

    Those who lose homes may face state tax hit  Aug 25, 2009
    But if the borrower refinances the loan and takes cash out, or takes out a home equity loan or line of credit, that debt usually is recourse debt. Canceled recourse debt is subject to income tax. (San Francisco Chronicle -- Business)

    Paying for those home improvements  Aug 22, 2009
    "Favorable interest rates make it an especially good time to go for that home equity loan, he said, noting that it is "probably the most popular loan we're doing right now. "On the consumer side, it is the most popular, he added. Five or six years ago, car loans were on top, but with dealers tapping into dealer programs, you can finance a car from them at 2 or 3 percent, and banks just can't compete, he noted.Home equity loans, basically a second mortgage, let you fix your home without... (Sioux City Journal, IO)

    Foreclosure Frustration: Mortgage Mods  Aug 22, 2009
    "My pay(check) took care of the extra bills, my mortgage and my equity loan. And when that stopped, there was no way for me to pay it," Lowe said. Related. (ABC News)

    Credit Card Debt Consolidation and ...  Aug 19, 2009
    Home equity loan: A card holder can take out a low interest home equity loan or line of credit and pay off all the credit card debt in one go. The debt will not be eliminated, of course, but the card holder will have only one loan to keep up with, at a lower rate. (Suite101.com)

    Fiancees allegedly swindled out of $400K  Aug 15, 2009
    Authorities said Paul R. Francois coaxed one to move to Florida after she met him on vacation, and the other into taking out a $100,000 home equity loan on her Elmont, N.Y. place. More News. (San Francisco Chronicle -- Weird News)

    Fla. man accused of swindling women out of $400K  Aug 14, 2009
    Authorities said Paul R. Francois coaxed one to move to Florida after she met him on vacation, and the other into taking out a $100,000 home equity loan on her Elmont, N.Y. place. Francois was arrested Wednesday on two counts of first-degree theft and one of organized scheme to defraud. (Fresno Bee)

    I-Team: Alleged Scammer Back in Court  Aug 5, 2009
    Yet police believe Wynn cashed in with a fraudulent six figure home equity loan against Rozet's house. "I'm just being honest with you. I'm telling you the truth," said Wynn. (KLAS-TV.com, NV)

    Factors That Do Not Affect the Value of Real Estate  Aug 5, 2009
    How Much the Seller Needs Whether a home owner has owned their home for 30 years and has paid off their mortgage, or is one who has owned their home for only a few years and has an equity loan on top of the original mortgage, the market value of their home is what it is. Market value has nothing to do with mortgage balance. (RealtyTimes)

    Fiserv 2Q revenue declines  Jul 30, 2009
    The reduction was due primarily to declines in the home equity loan processing business. Net income for the quarter was $140 million, or 90 cents per share, compared with $100 million, or 60 cents per share, for the same period a year ago. (Milwaukee Business Journal, WI)

    The holy writ of investment  Jul 29, 2009
    Archard, a self-employed, single mother and naturally cautious, did take out a $30,000 home equity loan in January 2007, however, to start investing in shares. "But I listened to words of advice from a friend who said: 'Only invest what you can afford to lose,"' she says. (Sydney Morning Herald -- Business)

    The faith to adopt  Jul 26, 2009
    Ms. Thompson took a home equity loan to adopt her daughter, now 18, and later cashed out her 401(k) to adopt a son, Michael, now 13. "I couldn't have done it without my faith," she said. (The Augusta Chronicle)

    Guaranty says it will likely fail  Jul 25, 2009
    Liberal home equity loan regulations fueled over building, making the states more prone to loan defaults and bank failures. Locally, however, banking safeguards established in Texas following the real estate bubble of the late 1980s and early 1990s have largely insulated the Lone Star State from the sub-prime mortgage crisis and muted its effects, said Chris Williston, CEO of the. (Austin Business Journal, TX)

    Union Bankshares Corporation Reports Earnings  Jul 25, 2009
    8 million, credit cards of $330 thousand, indirect auto loans of $283 thousand, commercial loans of $221 thousand, home equity loans of $165 thousand and the remaining $101 thousand principally related to consumer loan charge-offs ... The year over year increase in loan growth was concentrated in commercial and home equity loan portfolios, partially offset by a decline in construction loans. (PR Newswire)

    Unemployment Tops 10% in 15 States, D.C.  Jul 18, 2009
    and equity loan holders get scr. wait until interest rates and inflation start climbing up the ladder. (CBS News)

    How to Get a Business Loan  Jul 15, 2009
    Anyone who doesn t have enough savings to contribute to start-up costs may need to consider dipping into retirement funds or taking out a home equity loan. Those are tough decisions to make, but they re sometimes unavoidable in the current economy. (Suite101.com)

    Consumer loan delinquencies rise to record high  Jul 10, 2009
    Home equity loan delinquencies increased to 3. 52 percent from 3. (Wichita Business Journal, KS)

    Reverse Mortgage  Jul 10, 2009
    Dissimilar to a home equity loan, the home owner will never have to worry and face the painful prospect of. One of the biggest advantages to reverse mortgage loans is that no payment is required until death, selling of the home, or a move by the home owner. (Suite101.com)

    Home Equity Loans  Jul 9, 2009
    Taking out a home equity loan allows an individual to obtain financial gain based on the amount of equity that person has invested in his or her home ... Home Equity Loan Advantages ... One of the most noted advantages of a home equity loan is accessibility and convenience. (Suite101.com)

    Loan Delinquencies Hit Record High  Jul 8, 2009
    Home equity loan delinquencies were the second highest with 3. 52 percent of customers at least 30 days behind on repayment. (CBS News)

    Property transfers  Jun 28, 2009
    Contimortgage Home Equity Loan Trust 199. and Manufacturers rs Trust Co. Trustee to John C. Melton II, 1212 Magnolia Drive, Lot 15, Block J, Magnolia Heights, $50,000. (The Augusta Chronicle)

    Final Expiration Date for Offer for RMBS Securities Insured by Syncora Guarantee Inc. Extended to July 10, 2009; Results of Offer as of June 26, 2009  Jun 27, 2009
    Aggregate Principal Balance in US$ Tendered as CUSIP No. Security Description of June 26, 2009 39539BAA1 GreenPoint Mortgage Funding Trust 2006-HE1 86,452,326 126685DT0 Countrywide Home Equity Loan Trust 2006D 137,928,505 39539JAA4 GreenPoint Mortgage Funding Trust 2007-HE1 55,690,854 45664UAA3 Indymac Home Equity Mortgage Loan Asset Backed Trust Series 2006-H3 75,460,819 126685DS2 Countrywide Home Equity Loan Trust 2006D 226,354,373 41161MAB6 Harborview Mortgage Pass-Through Certificates Series... (PR Newswire)

    New Loan Modification, Short Sale Options  Jun 25, 2009
    The new efforts give some homeowners a second shot at a home-saving loan modification, especially if they were originally turned down -- or turned off -- because the second mortgage (piggy back, home equity loan or line of credit, etc. impeded the process. (RealtyTimes)

    Ask the HOA Expert  Jun 17, 2009
    Most owners have the option of paying their share in cash from savings or a home equity loan which usually offers the best rates and terms available. The HOA should stay out of the finance business whenever possible. (RealtyTimes)

    Deeds recorded May 11-15, 2009 in Volusia  May 31, 2009
    HSBC Bank USA, Ace Securities Corp. Home Equity Loan Trust and Ocwen Loan Servicing LLC to Manuel S. and Maria V. Ponte, lot 8, Arbor Ridge, Unit 1, $120,000. Philip L. Wenz to Mark B. Scherr, lot 1, block 1020, Deltona Lakes, Unit 39, $115,000. (Daytona Beach News Journal -- Business)

    Assuring Accurate Appraisals, Part I: Perennial Pressure Continues  May 28, 2009
    A appraisal can make or break a sale, refinanced mortgage or equity loan. It can also attract or repel buyers. (RealtyTimes)

    Study Examines Memory, Menopause  May 28, 2009
    If you are in need of some extra cash, you may want to consider a home equity loan. Find out here if it's the right move for you. (KERO 23, CA)

    Deeds recorded March 30-April 3, 2009 in Volusia  May 23, 2009
    HSBC Bank USA, Ace Securities Corp. Home Equity Loan Trust, Series 2006 he2, Asset Backed Pass Through Certificates and Ocwen Loan Servicing LLC to Richard T. and Karl Hornung, part of lots 4-5, block 8a, Orange City Estates, Units 1,2, $158,000. Luis Solis and Laurie A. Roessler to Michele D. McKee, lot 6, Azalea Oak, $150,000. (Daytona Beach News Journal -- Business)

    Deeds recorded in Volusia County March 23-27  May 23, 2009
    Joseph, Vincent and Viola Sicurella, and Diane M. Matousek, clerk, to HSBC Bank USA, Holders of Nomura Home Equity Loan Inc., Home Equity Loan Trust, Series 2007 1, part of section 20 19 32, $151,000. PIERSON. (Daytona Beach News Journal -- Business)

    Deeds recorded April 27-May 1, 2009 in Volusia  May 23, 2009
    US Bank National Association, Asset Backed Securities Corp. Home Equity Loan and Litton Loan Servicing LP to James S. Gregory, part of lots 33, 34, Norris, $325,000 ... HSBC Bank USA, Nomura Home Equity Loan Inc. and Litton Loan Servicing LP to Dubiel Maryann E. Barry and Maryann E. Barry Dubiel, lot 506, Waters Edge, phase V, $180,000. (Daytona Beach News Journal -- Business)

    Credit Suisse Loses Payback Priority on `Predatory' Yellowstone Club Loan  May 13, 2009
    Jeff Barcy, a Credit Suisse banker, started calling on Tim Blixseth in December 2004, pitching a product similar to a home- equity loan, Kirscher said. Blixseth agreed to borrow $150 million. (Bloomberg -- US)

    More brides angle for cheaper weddings  May 12, 2009
    "If mommy and daddy are footing the bill, that's great. But let's be realistic. ... I own a house. I could take out a home equity loan and have a much bigger wedding, but that's just not prudent.". . (Fresno Bee -- Lifestyle)

    Reducing Debt a Plan That Works!  May 11, 2009
    It is sometimes a good idea to talk with a mortgage broker about a home equity loan. If you have equity in your house, then you may be able to use this to consolidate your debt and reduce your interest expenses, thus eliminating the debt quicker. (Suite101.com)

    Exclusive: Confessions of a Mortgage Scammer  May 10, 2009
    Dawson not only stole the equity loan, but he left Arocho with a subprime mortgage that carried a huge adjustable interest rate now nearing 10 percent. Arocho said everyone, including Countrywide, should have known that he could not afford this mortgage. (ABC News)

    Kingsway Reports a Net Loss in First Quarter  May 8, 2009
    7 million to the sub-prime mortgage market in the U.S. through home equity loan asset backed securities ... 7 million to the sub-prime mortgage market in the U.S. through home equity loan asset backed securities. (Canada Newswire)

    Husband trading debt for debt  May 7, 2009
    He says that a home equity loan is a better way to go. I totally disagree. (Orangeburg Times and Democrat, SC)

    You can't buy love, but brides angle for cheaper weddings  May 7, 2009
    "If mommy and daddy are footing the bill, that's great. But let's be realistic. ... I own a house. I could take out a home equity loan and have a much bigger wedding, but that's just not prudent.". or 919-829-4649. (News & Observer)

    Obama program to ease second mortgages  Apr 30, 2009
    During the housing boom, many homeowners took out a second mortgage - either a home equity loan or line of credit - to make a down payment or pay for home improvements, medical bills, college bills, cars, vacations or other expenses. The new plan builds on a mortgage modification announced in February called Making Home Affordable. (San Francisco Chronicle -- Business)

    ERASING $1T DEBT TO CHINA DIFFICULT  Apr 28, 2009
    Will it raise my home equity loan rate ... The home equity loan holder can foreclose because he's in the second position, right. (New York Post -- Business)

    BofA retires Countrywide brand  Apr 28, 2009
    launched a new mortgage and home equity loan brand Monday as a result of combining the previously acquired Countrywide Home Loans with the bank s mortgage operations. The brand is called Bank of America Home Loans and is one of the first steps in converting Countrywide customers into Bank of America (NYSE: BAC) since the Charlotte, N.C.-based financial giant bought July 1. (Jacksonville Business Journal, FL)

    With careful spending, learn to get by between jobs  Apr 15, 2009
    You may be tempted to use credit cards, take out a home equity loan or borrow money, but taking on more debt is generally not a good idea. Unless your situation turns around quickly, more debt only creates bigger problems. (Chippewa Falls Chippewa Herald, WI)

    Weighing the Possibilities of a Rev...  Apr 10, 2009
    There are two types of home equity loans ... By not requiring income or credit qualifications, a reverse mortgage is more like a hard money or equity loan. (Suite101.com)

    Obama to seek $83.4 billion for Iraq, Afghan wars  Apr 10, 2009
    STLCards5 wrote on Apr 9, 2009 3:28 PM:" Where do they get all this money from? Did the government re-finance or take a home equity loan on the White House? I'm pretty sure they've already borrowed more than it's worth. ". mizer wrote on Apr 9, 2009 3:18 PM:" What a liar! ". (The Pantagraph newspaper)

    Home Equity To The Rescue?  Apr 3, 2009
    It may sound like mattress-stuffing financial advice, but if you have a home equity loan and hard times loom, you may want to drain that account and squirrel the money away where you can get at it when you need it ... "Banks are reducing their commitment on home equity loans. If you think you will need it, it's a good time to take advantage of it before it goes away," said Bob Kresak, a certified financial planner and managing partner of the Founders Financial Network, Cupertino, CA-based... (RealtyTimes)

    Opportunity knocks - even in a recession  Mar 29, 2009
    Your browsers security settings are preventing some features from appearing. Eager entrepreneurs urged to move slowly. (The Clarion-Ledger)

    Mortgage applications jump; rates at record low  Mar 25, 2009
    Guaranteed lowest price mortgage loan, refinance, equity loan. Refinance, Consolidate Debt1st or 2nd Loans, Use Equity, Start Now. (Yahoo News -- Top Stories)

    10 great, green ideas  Mar 24, 2009
    Use a "green" loan or home equity loan to install renewable energy systems, such as solar photovoltaic panels. It's "one of the most sound investments you can make in today's economy," Trevenna said. (Honolulu Advertiser)

    Unscrupulous people may prey on the elderly  Mar 23, 2009
    The relative eventually took out a $90,000 home equity loan on the older womans house, but did not make payments on the loan, Kenney said. In another case, an older man in the Hagerstown area hired a handyman to do repairs around his house. (The Herald-Mail Online)

    FINANCE: Counselors say budgeting can limit pain of layoffs  Mar 22, 2009
    The interest rate on a home-equity loan is usually vastly lower than those on revolving credit card balances, which advisers say should be used as a last resort ... Applying early is important because it's tough to qualify for a home equity loan after being laid off, she said. (North County Times)

    A reborn U.S.town faces a new threat  Mar 21, 2009
    Ms. Hot, 54, who worked at the Cup and Saucer for five years before taking out a home equity loan to buy it in May 2007, is one of dozens of small-shop owners struggling through the recession in Beacon, a faded factory town on the Hudson River that had been somewhat reborn through retail ... "One month I'll pay the bills here and the next month I'll pay the bills at home," she said, acknowledging that she was two months behind on her second home-equity loan and a month behind on her health... (International Herald Tribune -- Business)

    Lesser-Known Tax Deductions You Don't Want to Overlook  Mar 20, 2009
    HOME EQUITY LOAN INTEREST. You can deduct interest payments on up to $100,000 of home equity loan debt. (PR Newswire)

    Pedata RV Shows RV Owners on Average are Excellent Credit Risks  Mar 19, 2009
    - Home equity loan delinquencies increased from 2 ... Compare Great Choices For high risk home equity loans Here. (Yahoo News -- Press Releases)

    Time To Make The Move: Buy A House  Mar 15, 2009
    He also had to assume the home equity loan she had taken out. I'm wondering if he would qualify for the new buyers incentive, even though he didn't actually buy it. (CBS News -- Early Show)

    EconWatch: What If China Stops Buying U.S. Debt?  Mar 14, 2009
    If your boss slashes your pay, if you have no savings because you spent more than you earned for many years, and if your creditors are threatening to cut off your credit cards and home equity loan, what happens. The answer, of course, is that you're in serious trouble. (CBS News)

    How to lie about cap-and-trade  Mar 13, 2009
    Reynolds gets a special award for noting, in reference to the worry that net worth locked up in a home might be tough to get at for retirees, that "you don't have to sell your home to spend a fraction of the equity. Just take out a bigger mortgage, a home equity loan or a reverse mortgage.". It's safe to say consumers are in better financial shape than they have ever been. (Salon)

    A Financial "To Do List" for Good Times and Bad  Mar 13, 2009
    Would a home equity loan be a better way to pay off the balance. -- Keep saving for retirement a top goal. (Townhall.com)

    Depositors on West Palm Beach downtown condos sue  Mar 11, 2009
    The Hermanns took a home equity loan on their house in New York to come up with a $103,000 down payment, but Irina Hermann since has lost her job as an accountant. "They solicited me into this unit saying it was a good price and I could resell it," Hermann said. (The Palm Beach Post)

    20% owe more than home is worth in area  Mar 5, 2009
    If you had enough equity to cover transaction costs, you could sell the house if you lost your job, or take out a home equity loan to get through the months with lost income. Mortgage [default] risk will continue to increase until home prices and the economy begin to stabilize, Fleming said in a statement. (Washington Business Journal, DC)

    State makes energy upgrades more affordable (1)  Mar 4, 2009
    With the help of Keystone Help, a state energy efficiency loan and rebate program, and a home equity loan, they were able to cover its $21,000 price tag. As a result of cutting out oil and reducing the electric bills for air conditioning and heating water, the Schlegels figure the savings has amounted to about $1,800 so far. (Carlisle Sentinel, PA)

    Survey: Optimism growing among small business owners  Mar 4, 2009
    He adds that he was fortunate he had money to start the business from a home equity loan taken out in 2007, before the credit markets froze. Small business bosses are more optimistic than they were just after the election. (Nashville Business Journal, TN)

    BMO Financial Group Reports First Quarter Net Income of $225 Million, Reflecting Difficult Conditions in the Credit and Capital Markets Environments  Mar 3, 2009
    1 billion home equity loan portfolio, which amounted to 2 ... 57% at October 31, 2008) for BMO's total U.S. home equity loan portfolio ... We also consider home equity loans to customers with credit bureau scores above 620 but below 660 to be a higher-risk component of the loan portfolio. (Canada Newswire)

    Assisting Clients with Short Sales  Mar 2, 2009
    This may include the first mortgage, home equity loan or line of credit, and any construction liens. Although few lenders will go along with a short sale that enables the homeowners to profit, many are willing to agree to a deal in which the homeowner can break even if it enables the lenders to forego the expense and hassles of having to foreclose. (RealtyTimes)

    Plus sideof stupidity  Feb 26, 2009
    Gerald Celente, founder and director of the Trends Research Institute opines, "To be using 1930s' models to get the US out of this is really stupid. Back then when we first crashed, most people didn't have homes. There was no such thing as home equity loan. And back then, people didn't have credit cards. The consumer wasn't 14 trillion dollars in debt. We had a manufacturing base that built the world out of the Great Depression following World War II. We no longer have that.". He doesn't mention... (Asia Times Online)

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