Special Report: home equity loans Indianapolis Star, United States - 10 hours ago Major banks throughout the nation have frozen the home equity credit lines of thousands of property owners. Banking officials say the credit lines are being …

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Tampabay.com

EXCLUSIVE: FDIC Nixed Private Equity Bid For Failed Banks TheStreet.com - 12 hours ago However, Belvedere wanted the FDIC to give it downside protection in case the loan losses reached a certain threshold. The person declined to give specifics … Federal Reserve Chairman Ben Bernanke The Cutting Edge Manatee rattled by First Priority failure Bradenton Herald Comment by Christopher Whalen Managing Director, Institutional Risk Analytics Euromoney Magazine - Bradenton Herald all 351 news articles

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TFS Financial Corporation Announces Third Fiscal Quarter Ended … CNNMoney.com (press release) - 12 hours ago Of the $35.9 million increase in nonperforming loans for the nine months ended June 30, 2008, $19.8 million occurred in the equity loans and lines of credit … Granite Bancshares, Inc. Announces Second Quarter Results for … MarketWatch Kearny Financial Corp. Reports Fourth Quarter 2008 Operating Results CNNMoney.com Coast Bancorp Second Quarter 2008 Earnings Announcement MarketWatch MarketWatch - MarketWatch all 93 news articles

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istockAnalyst.com

FirstFed Grapples With Payment-Option Mortgages Wall Street Journal - Aug 5, 2008 Many borrowers took out home-equity loans with other lenders after getting an option ARM from FirstFed. These borrowers account for 25% of FirstFed's … FirstFed posts another loss tied to home mortgage loans Los Angeles Times First Fed - Should Anyone be Surprised? istockAnalyst.com all 21 news articles

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Aug. 6 (Bloomberg) — Morgan Stanley , the second-biggest U.S. securities firm, told thousands of clients this week that they won’t be allowed to withdraw money on their home-equity credit lines, said a person familiar with the situation. Most of the Read More

Yes, That's $2 Trillion of Debt-Related Losses Barron’s - Aug 3, 2008 There are hundreds of millions of dollars outstanding in home-equity loans that eventually could be worth zero, too. So far, we have seen no recession in …

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Ocean Bank loses $64M, troubled loans double Bizjournals.com, NC - 2 hours ago It finished the second quarter with $496.6 million in equity capital, down from $538.7 million in the first quarter. Plaza Bank Reports Results for the Quarter Ended June 30, 2008 FOXBusiness all 15 news articles

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National City CEO: Bank on solid ground despite huge first-half losses Columbus Business First, OH - 3 hours ago Many of those loans are mortgages or home equity loans made through brokers, a practice the bank has ended. Business First: Has the bank’s core philosophy …

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Patriot Capital Funding Reports 2008 Second Quarter Results MarketWatch - 4 hours ago Subsequent to the conversion, Patriot Capital Funding's equity interest exceeds 25%. — We funded a $2.0 million senior secured term loan debt investment in …

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Anger over 100% home loans The Age, Australia - 1 hour ago Negative equity occurs when the value of a property falls below the sum borrowed to buy it. British credit data shows one in seven homeowners may soon have … States in council of war over plans for new fees NEWS.com.au all 3 news articles

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Call for State equity loan to help first-time buyers Irish Times, Ireland - 15 hours ago A GOVERNMENT equity loan scheme of up to 30 per cent of the price of a new home should be introduced for qualified first-time buyers, the Affordable Homes …

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Fannie Mae, Freddie Mac to Report Losses Through 2008 (Update3) Bloomberg - 14 minutes ago Freddie has yet to write down the value of $150 billion in privately issued subprime, Alt-A, option adjustable-rate mortgages and home-equity loan …

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Was Credit Stress in 2Q the Bottom? Few Think So Financial-Planning.com, NY - 9 hours ago Credit losses related to falling house prices produced high-profile hits for residential construction portfolios, prime mortgages, and home equity loans, …

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Consumer Smarts: Mortgage insurance doesn't have to be forever Seattle Post Intelligencer - 1 hour ago The lender also can ask that you don't have a second mortgage, such as a home equity loan, and reject your request if your loan is considered "high risk. …

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Peoples Bancorporation, Inc. Announces First Half 2008 Results and … MarketWatch - 11 hours ago Although we cannot be certain as to the impact this will have on our loan portfolio, we believe that losses related to real estate loans will probably … CapitalSouth Bancorp Announces Second Quarter 2008 Results FOXBusiness all 28 news articles

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Patriot Capital Funding Closes a $1.1 Million Equity Investment in … MarketWatch - 17 hours ago Investments usually take the form of senior secured loans, junior secured loans, subordinated debt investments in addition to equity or equity-related …

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Earthtimes (press release)

FedFirst Financial Corporation Announces Second Quarter 2008 Results MarketWatch - Jul 31, 2008 The increase in the provision is primarily related to growth in the commercial, one-to-four family residential, and home equity portion of the loan … Cape Fear Bank Corp. Reports 2008 Second Quarter Results Stockhouse Q2 2008 Earnings Call Transcript Seeking Alpha BankAtlantic Bancorp Reports Financial Results For the Second … WELT ONLINE FOXBusiness - MarketWatch all 1,043 news articles

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Harry Gross: Getting a no-interest car loan can be a detour to … Philadelphia Daily News, PA - 9 hours ago For the same reason, I have always discouraged using home-equity loans as a means of paying for cars despite their generally lower interest rates. …

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Experts try to quell fears as economic woes mount Tribune Review, PA - Aug 2, 2008 Early this year, some lenders began freezing home equity loan usage. Countrywide Financial, Wells Fargo, JP Morgan Chase and Washington Mutual, …

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CFNB Announces 29% Drop in Fiscal 2008 Earnings to $7.0 Million FOXBusiness - 2 hours ago Results for the fourth quarter and year ended June 30, 2008 include an after-tax charge of $444000 related to an unrealized loss on an equity investment …

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Plunging real estate values have dried up one of consumers’ most frequently tapped sources of cash — their homes. The amount of money that U.S. homeowners pulled out of their houses has fallen to a four-year low, a reflection of tumbling values and Read More

IT HAPPENS every spring. School winds down, college acceptance letters trickle in, a college is chosen, graduation parties are held, and newly minted graduates look forward to a restful summer. It happens every summer. The first tuition bill arrives Read More

Northern Rock, the state-owned bank, will reveal this week that roughly one in five of its mortgage customers faces negative equity next year as it unveils a substantial loss for the six months to June. The number of customers whose mortgage debt is Read More

DUMMERSTON, Vt. — It seems hard to believe, but the finance, insurance and real estate sector (FIRE, for short) now constitutes about 20 percent of our nation’s gross domestic product, while manufacturing contributes less than 13 percent. By Read More

Plunging real estate values have dried up one of consumers’ most frequently tapped sources of cash — their homes. The amount of money that U.S. homeowners pulled out of their houses has fallen to a four-year low, a reflection of tumbling values and Read More

Telegraph.co.uk

Northern Rock customers face negative equity Telegraph.co.uk, United Kingdom - 6 hours ago On those forecasts, almost £20bn of Northern Rock's £90bn loan book will be in negative equity by the end of next year, making it difficult for those … Rock retains North East support BBC News all 5 news articles

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Boston Globe

Experts try to quell fears as economic woes mount Tribune Review, PA - Aug 2, 2008 Advent's Bullock believes homeowners for years used appreciation in their homes as collateral for borrowing using home equity loans. … Fed Debate Heats Up Over Rising Inflation Risk: John M. Berry Bloomberg Perfect Sturm und Heavy Drang - July 28 International Business Times all 400 news articles

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Loose Change: Home-equity loans going bad Fort Worth Star Telegram, TX - 21 hours ago A recent improvement in beleaguered home-equity loans has been a rare sign of encouragement for banks. But banks still have about $700 billion of …

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Turkish Press

The Banks and Private Equity New York Times, United States - Aug 2, 2008 Many banks are ailing, lamed by hundreds of billions of dollars in bad loans and poor investments and hamstrung by the prospect of continued multibillion- … When is enough, enough? Money and Markets Fed Extends Emergency Loan Programs Through January (Update3) Bloomberg The Fed Has to Keep Lending to Investment Banks. The Markets, Um … Wall Street Journal Blogs Political Affairs Magazine - Financial News all 356 news articles

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Like millions of Americans, Bill and Helen Bluett’s greatest financial asset is their home, a Spanish-style dwelling just a quarter of a mile from the ocean in San Clemente, Calif. Selling the place and buying a cheaper one elsewhere could have Read More

Congress yesterday passed a major overhaul of federal higher-education programs aimed at expanding financial aid and bringing greater clarity and disclosure to the student loan process. By overwhelming bipartisan votes, the House and Senate approved Read More

Bankers will this week finalise a multi-billion-dollar loan that could provide one of Dubai’s largest sovereign wealth funds with the firepower to muscle in on the £3.3bn takeover of specialist media and exhibitions group Informa in the largest Read More

Credit cards. Home equity loans. Retirement accounts. Used to be, these options were last resorts for parents paying for their children’s college tuition. Now, tapping into home equity, raiding a 401(k), maxing out Visas and MasterCards, and - the Read More