Equity Loans

Housing tilting economy down (Equity Loan News)

Chicago Tribune - made with mortgage-related bonds have left a lingering credit crunch, or a reluctance by lenders to make affordable loans About half of the borrowers have less than 10 percent equity in their homes, said Meyer, and as foreclosures quadruple to Read More

Forbes - Net loan growth, excluding loans held for sale, of $97.6 million or 6.77% for the quarter — Return on average equity (annualized) of 14.84% and return on average assets (annualized) of 1.33% for the quarter — Non-performing Read More

Fort Lauderdale Sun-Sentinel - Here’s what you can do while you wait for your tax rebate check to arrive next summer, courtesy of Congress and President Bush: Enjoy watching consumer interest rates drop on credit cards, home equity lines of credit or private student loans. If the Read More

Newsday - Which consumers win? Homeowners with equity lines of credit should see some relief in their bills. Such borrowing is directly tied to the prime rate, which moves with the Fed rate. But people with home equity loans shouldn’t expect a break because Read More

Union Leader - The prime rate, which is offered to banks’ best customers, has a wider impact because many other lending rates, from adjustable home equity loans to credit cards, are tied to it. “The immediate impact is that any customers who have any lending Read More

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