Home Equity Loan Blog

Home Equity Loans - 2007 financial challeges will take resolution

2007-01-04T22:42:00.000-07:00

Chicago Tribune - Running up a large home-equity loan also is trouble. Many mortgage loans are higher than actual mortgage balances as people extract money for many reasons. Housing is expected to remain the weakest component in the nation's gross domestic product in

4 challenging resolutions to make 2007 profitable

Baltimore Sun - Running up a large home-equity loan also is trouble. Many mortgage loans are higher than mortgage balances as people extract money for many reasons. Housing is expected to remain the weakest component in the nation's gross domestic product in 2007

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Home Equity Loans - KeyCorp sells unit to exit subprime-loan business

2006-12-03T11:04:00.000-07:00

Columbus Dispatch - Champion, based in Parsippany, N.J., issues home-equity loans and other mortgages in 26 states, mostly to customers labeled as subprime because they have weak credit ratings. The division employs about 600, mostly in Parsippany, said Jill Arslanianf

Thank you PR WEB.

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Home Equity Loans - Use home equity to battle debt

2006-11-04T20:00:00.000-07:00

Use home equity to battle debt
Monterey County Herald, CA - Nov 1, 2006... Still, refinancing usually guarantees a lower interest rate than most second or home equity loans. Compare your options before you decide. ...

Provident Bankshares Announces 12% Increase in Net Income for ...
PR Newswire (press release), NY - Oct 19, 2006... $62.4 million or 1.8% -- Average residential construction loans increased $199.1 million or 66.7% -- Average consumer home equity loans increased $171.4 ...

Home Equity Loans - Canadian Balsillie Agrees To Buy Penguins

2006-10-07T20:00:00.000-07:00

Canadian Balsillie Agrees To Buy Penguins
The Pittsburgh Penguins announce Canadian business executive Jim Balsillie has agreed to buy the team.

Private Jet Company Sues Jennifer Lopez
A California-based private jet company has sued Jennifer Lopez, saying the singer and actress is late on payments for a pair of chartered flights.

Tigers Down Yankees To Even Series
The Detroit Tigers beat the New York Yankees 4-3 in Game 2 to tie the series at 1-1.

Home Equity Loans - As home sales slow down, improvements speed up

2006-09-29T20:01:00.000-07:00

As home sales slow down, improvements speed up
North County Times, CA - Sep 21, 2006... Lawlor says most home equity loans can be a pleasant tax write-off even though funds are spent on items other than housing improvements. ...

Home equity best source of payment for upgrades
Winston-Salem Journal (subscription), NC - Sep 1, 2006... Lawlor says that most home-equity loans can be a tax write-off even though money is spent on items other than housing improvements. ...

The Money Game
Transworld Business Magazine, CA - Aug 30, 2006... to bootstrap an expansion. This is from savings, home-equity loans, pension plans, credit cards, and the like. The next level of ...

Public company news
Pioneer Press, MN - Sep 24, 2006... $250 million. Ameriprise Financial (NYSE: AMP): Opened a banking unit to offer clients mortgages and home-equity loans. Ameriprise ...

Home Equity Loans - Credit Report Secrets That You Must Know Before Applying For A ...

2006-09-25T20:00:00.000-07:00

Credit Report Secrets That You Must Know Before Applying For A ...
American Chronicle, CA - Aug 26, 2006... If the HELOC is greater than $40K, it will fall into the mortgage category. ... Max out the HELOC and it will have a negative impact on your credit score. ...

Adjustable Rate Mortgages - The Facts, The Figures, and The Future ...
American Chronicle, CA - Aug 26, 2006... Given that home equity loans are tied to prime, the average HELOC interest rate nationwide will be 9.50%. As most equity lines are prime plus 1%. ...

Home Equity Loans - Business: Check your options before jumping on piggyback loan

2006-09-08T20:01:00.000-07:00

Business: Check your options before jumping on piggyback loan
You can get lower monthly payments in some cases by getting a home loan with mortgage insurance rather than a piggyback loan. Don't assume that your loan officer or mortgage broker knows this. ... - Holden Lewis Real Estate Watch

Agassi Not Out Yet
Tennis star wins against Andrei Pavel in U.S. Open.

Home Equity Loans - GE Money acquires 25.4 per cent strategic interest in Thailand's ...

2006-08-31T20:01:00.000-07:00

GE Money acquires 25.4 per cent strategic interest in Thailand's ...
Prdomain Business Register (press release), Maharashtra - Aug 29, 2006... personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans, and credit ...

IMX Powers MortgageIT Wholesale Lending Division's PriceIT ...
PR Web (press release), WA - 41 minutes ago... MortgageIT s Wholesale Lending Division focuses on all conventional loan products, including Alt A, agency-eligible and home equity loans. ...

Home Equity Loans - Adjustable Rate Mortgages - The Facts, The Figures, and The Future ...

2006-08-27T20:01:00.000-07:00

Adjustable Rate Mortgages - The Facts, The Figures, and The Future ...
American Chronicle, CA - Aug 26, 2006... Given that home equity loans are tied to prime, the average HELOC interest rate nationwide will be 9.50%. As most equity lines are prime plus 1%. ...

Mortgage Cash-Outs Still Show Strength
Los Angeles Times, CA - Aug 17, 2006... Housing Studies. Still, he said, "all economists would agree that refinancing home equity loans has boosted spending.". Nothaft said ...

Low Rate Home Equity Loans - Refinancing For A Shorter Term And ...
Best Syndication, CA - Aug 16, 2006Looking for a better rate is a common reason people choose to refinance their home equity loan. But did you know that shortening ...

Sign Of An Apocalypse In Private Equity?
BusinessWeek - Aug 25, 2006... By Roben Farzad. Home Equity Loans - E-LOAN Get cash in as few as 12 days. Apply for hassle-free home equity loans at E-LOAN. No lender fees. ...

Home Equity Loans - Secured Funding Continues Growth and Success in Second Quarter

2006-08-23T20:00:00.000-07:00

Secured Funding Continues Growth and Success in Second Quarter
COSTA MESA, Calif.----Aug. 10, 2006--Secured Funding, a full-service retail and wholesale lender specializing in second mortgages, posted another consecutive quarter of record growth in the second quarter of 2006.

Getting out of a HELOC
You might want to consider a cash-out refinancing, says Dr. Don.

Home Equity Loans - Less risky investments recommended for couple

2006-08-15T20:00:00.000-07:00

Less risky investments recommended for couple
San Diego Union Tribune, United States - Aug 6, 2006... Change portion of HELOC that has been used to a fixed rate loan. ... When I first got the HELOC, it was at a 4 percent interest rate. ...

Think twice before leveraging your financial life
Chicago Sun-Times, United States - Jul 27, 2006Q: Recently, my wife and I took out a HELOC on our house at prime minus 1.01 percent for an amount of $200,000. ... Don't tap that HELOC! ...

Remodeling pros and cons
Chicago Sun-Times, United States - Aug 7, 2006... all at once. A HELOC carries a variable rate, which can be a disadvantage in a rising interest rate environment. FitzGibbon, who ...

Home Equity Loans - No Emergency Savings? Try a HELOC

2006-08-11T20:00:00.000-07:00

No Emergency Savings? Try a HELOC
The problemA prudent Fool is supposed to have an emergency fund at hand at all times, just in case something unpleasant happens to your financial situation. You've heard it all before: save up and set aside at least three months' worth of living expenses, and you'll be OK under most circumstances, even really difficult ones.

Secured Funding Continues Growth and Success in Second Quarter
COSTA MESA, Calif.----Aug. 10, 2006--Secured Funding, a full-service retail and wholesale lender specializing in second mortgages, posted another consecutive quarter of record growth in the second quarter of 2006.

Home Equity Loans - POST OF THE DAY

2006-08-07T20:00:00.000-07:00

POST OF THE DAY
Motley Fool - this to our "trusted" CC as it had a $0 balance, and we'll be able to pay off these charges at the end of the billing cycle out of our snowball funds (although it annoys the hell out of me that I have to rob my scheduled pay-down of our HELOC for

VueCentric Releases HomeForMyLoan Mortgage Loan Product Engine
Onlypunjab.com - Other useful search tools include filters for self-employed borrowers, HELOC loan programs and other special situations that will return only the programs that work. Once a list of suitable loan programs is returned for a borrower, a link in each

Ready To Consolidate That Debt?
ClickOnDetroit.com - Indeed, from a pure number-crunching perspective, consolidating high-interest, nondeductible debt into a HELOC or a home-equity loan, or HEL, is a no-brainer. Of course, your home is the collateral for such a loan, and foreclosure could leave you

Home Equity Loans - New 'Zen' Green Tea Beer: Healthy Ale?

2006-08-03T20:01:00.000-07:00

New 'Zen' Green Tea Beer: Healthy Ale?
Wisconsin micro brewer BluCreek is coming out with a new beer called Zen.

'Idol' Makers Dispute Suggestions In Fantasia Movie
The people who produce "American Idol" aren't happy about the way they're being portrayed in the television movie about Season 3 winner Fantasia Barrino.

Planned Job Cuts Hit 6-Year Low
The number of planned layoffs in July falls to a six-year low.

Landis' B Sample Test Results Revealed Saturday
The International Cycling Union will announce the results of Tour de France winner Floyd Landis' backup doping test Saturday.

Home Equity Loans - First Charter Reports Record Quarterly Net Interest Income

2006-07-26T20:00:00.000-07:00

First Charter Reports Record Quarterly Net Interest Income
Insurance News Net - The decline in consumer loan balances was partly the result of customers refinancing adjustable rate home equity loans into fixed rate first mortgage loans. "Our recent commercial loan growth is directly attributable to our renewed focus on that line

Podcast: Is the Economy in for a Soft Landing? Yes. Will it Become a
Wharton - And we have another notch up of interest rates at 5 %; which makes the prime rate 8 %. Many people who borrow on their home equity loans go higher than that. They go anywhere from sometimes up to two points higher than that. So we are getting 8

A fountain of financial wisdom
San Luis Obispo Tribune - And cash comes from assets, not loading up on home equity loans. No matter how much home equity you have, it s an illiquid asset. So remember this one rule in our age of excessive, conspicuous consumption: If you re not saving 10 percent of your

Ready To Consolidate That Debt?
ClickOnDetroit.com - Home-equity loans and home-equity lines of credit. There's also a third option, known as cash-out refinancing. Each of these can be used for debt consolidation, and each has its pros and cons. Here's a quick review. These days, the hot loan is the

Home Equity Loans - 5 ways to tame your line of credit

2006-07-22T20:00:00.000-07:00

5 ways to tame your line of credit
Bankrate.com - Jul 13, 2006... executive with Washington Mutual. Home equity lines of credit have variable rates and home equity loans have fixed rates. A lot of ...

Washington Mutual Reports Second Quarter Earnings Per Share of 79 ...
Business Wire (press release), CA - Jul 19, 2006... 304 19,956 5.92 295 ----- Total home loans 145,162 5.82 2,113 137,676 5.63 1,938 Home equity loans and lines of ...

First Niagara earnings are flat
Buffalo News, United States - Jul 15, 2006... Business lending rose 20 percent annualized, commercial real estate loans rose 19 percent, home equity loans rose 27 percent and home mortgages increased 7 ...

Huntington earnings up 5 percent in 2nd quarter
Monterey County Herald, CA - Jul 21, 2006... to $266 million for the quarter compared with $245 million a year ago, reflecting growth in commercial loans, residential mortgages and home equity loans. ...

Home Equity Loans - Do parents have the drive to teach teens more?

2006-07-18T20:00:00.000-07:00

Do parents have the drive to teach teens more?
MyWebTimes.com, IL - 11 hours ago... You can have them drive you to the bank where your banker can explain the importance of paying home equity loans on time, and how interest rates, foreclosure ...

Fitch Upgrades Wilshire Credit Corp.'s Servicer Ratings to 'RPS1'
Business Wire (press release), CA - Jul 6, 2006... WCC's portfolio consists of $10.8 billion subprime loans, $7.3 billion non-prime loans and $7.5 billion home equity loans with the remaining portfolio ...

Signs of the Apocalypse
Motley Fool - Jun 21, 2006... employment, and income.". A tale like this makes you wonder whether home equity loans are just the tip of the iceberg. One woman ...

More mortgage pain coming
San Jose Mercury News, USA - Jun 30, 2006... in response, ripple effects from the decision mean most consumers will soon be paying even more on their credit cards and home equity loans, whose interest ...

Home Equity Loans - Best Investments For Your Home

2006-07-14T20:00:00.000-07:00

Best Investments For Your Home
Forbes - Jul 11, 2006... months. Home equity loans, a major financing vehicle for Americans looking to upgrade their properties, became more expensive. And ...

Home Equity Loans Fall as Business Loans Rise
BankNet 360, NY - Jul 10, 2006Revolving home equity loans fell as commercial and industrial loans rose the week ending June 28, according to the Federal Reserve. ...

It's unwise to chase yesterday's winners
Toronto Star, Canada - Jul 1, 2006... Lines of credit, traditional loans, home equity loans and matching loans from investment dealers are all used to buy long, or purchase investments with the ...

Wall Street Stock Rally
Los Angeles Times, CA - Jun 29, 2006... funds rate eventually reverberate throughout the economy because so many lending rates on such things as credit cards, home equity loans and adjustable ...

Home Equity Loans - Bankrate: Mortgage Rates Dip Following Fed Announcement

2006-07-10T20:01:00.000-07:00

Bankrate: Mortgage Rates Dip Following Fed Announcement
After rising for three consecutive weeks, fixed mortgage rates took a breather in the immediate aftermath of the Federal Reserve's June 29th interest rate hike. The average 30-year fixed rate mortgage slid to 6.91 percent from 6.93 percent the day before last week's Fed announcement.

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Home Equity Loans - Quake Shakes Salton Sea Area

2006-07-02T20:00:00.000-07:00

Quake Shakes Salton Sea Area
A magnitude-4.3 earthquake centered nine miles south of the Salton Sea has rumbled through the desert area Thursday just outside San Diego County. There were no immediate reports of damage or injuries.

Mavericks Ranked In Pre-Season Football Polls
OMAHA, Neb. -- The University of Nebraska-Omaha Mavericks are ranked in a pair of pre-season NCAA Division II football polls by national magazines. UNO, 8-3 last season, is ranked No. 10 by Lindy's and No. 14 by Street & Smith's in their pre-season college football issues.

Home Equity Loans - Use Your Home Equity Wisely

2006-06-28T20:00:00.000-07:00

Use Your Home Equity Wisely
WKYT 27 - The easiest way to do this is with a home equity loan or line of credit, which allows you to borrow money using your home's equity as collateral. A home equity loan provides you a lump sum, while a home equity line of credit, sometimes called a HELOC

Borrowing for other expenses
CNN Money - Taking a home equity loan or home equity line of credit makes sense if you're making home improvements that increase the value of your house, such as adding a family room or renovating your kitchen. The interest you pay in many cases is deductible

REAL ESTATE LOAN OFFICER
Cedar Rapids Gazette - Great opportunity available in our Marion office! Individual will recruit and interview applicants for real estate and home equity loan origination, cross-sell other bank products and services and originate loans. Must be able to take initiative

Home Equity Loans - Fitch Upgrades Select Portfolio Servicing's Resi Servicer Ratings to

2006-06-24T20:00:00.000-07:00

Fitch Upgrades Select Portfolio Servicing's Resi Servicer Ratings to
Forbes - Fitch Ratings upgrades Select Portfolio Servicing Inc.'s (SPS) residential primary servicer ratings for subprime, Alt-A and HE/HELOC products to 'RPS2' from 'RPS2-' and its special servicer rating to 'RSS2' from 'RSS2-'. The rating upgrades are based

Latest News
dBusinessNews.com - PreQualPro is a pre-qualification value range tool designed to meet the needs of leading originators' retail and HELOC groups. PreQualPro streamlines front-end decision making on client leads by quickly "qualifying" the validity and accuracy of the

Consequences to co-signing mortgage catch some by surprise
Lodi News-Sentinel - Or perhaps we can loan him the money to pay off the mortgage and buy out his wife's share, with him getting a home equity line of credit (HELOC) to pay us back. Your thoughts please --Ashley S. DEAR ASHLEY: If Charlie can qualify to get a HELOC for

Secured Funding Expands to Accommodate Growing Wholesale Division
Forbes - The lender funds approximately $150 million in HELOC and home equity loans each month. Secured Funding remains positioned as the home equity specialist over recent years of market fluctuation by constantly improving speed, efficiency, and the overall

Home Equity Loans - When I'm 65

2006-06-20T20:00:00.000-07:00

When I'm 65
Connecticut Post, CT - Jun 13, 2006... Even now that her children have finished school, mom is still paying off the home equity loans she took out to help fund their education. ...

GE Consumer Finance Covers Classic Metal Roofing Systems with ...
TMCnet - Jun 18, 2006... cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit ...

Home Equity Loans - Prime rate pulls rug from under home-equity loan

2006-06-16T20:01:00.000-07:00

Prime rate pulls rug from under home-equity loan
Chicago Sun-Times, United States - May 29, 2006... Here's a basic rule of thumb: When the HELOC rate gets to 7 percent or more, pay off the line. ... (Do note that paying off your HELOC debt doesn't close the line. ...

Renters less confident than owners in managing credit
Inman.com (subscription), CA - Jun 5, 2006... Seventy-one percent believe that this action helped improve their overall financial situation. Fifty percent of respondents who have a HELOC feel the same way. ...

pricelinemortgage Deploys Real-Time Scoring and Presentment from ...
TMCnet - May 23, 2006... scoring. The XSell platform pre-qualifies and creates offers for as many as five unique Home Equity Line of Credit (HELOC) programs. ...

Fitch Upgrades Select Portfolio Servicing's Resi Servicer Ratings ...
Business Wire (press release), CA - May 31, 2006... May 31, 2006--Fitch Ratings upgrades Select Portfolio Servicing Inc.'s (SPS) residential primary servicer ratings for subprime, Alt-A and HE/HELOC products to ...

Home Equity Loans - When to consider repaying a loan early

2006-06-12T20:00:00.000-07:00

When to consider repaying a loan early
Biloxi Sun Herald - When you have the ability to repay a loan sooner than it's due, should you? And can you, without penalty? The answer varies according to the loan type and your circumstances. Here's some insight from Greg McBride, senior financial analyst at Bankrate

Use Your Home Equity Wisely
KVBC - Get quotes from multiple companies and select the policy that's right for you. (ARA) - For most Americans, their home is their biggest investment and their most valuable asset. Home equity, or the value of your home after all loans have been paid off