Equity Home Loans - Home Equity Loan News

Home Equity Loan News

Bank plans to cap risky mortgages Sunday, August 29, 2010 @ 4:22PMRadical Bank of England plan would stop borrowers taking out risky loans to prevent a repeat of the credit crisis.
The Hindu Business Line : Relax terms for promoter funds in debt recast, say banks Sunday, August 29, 2010 @ 1:31PMSelect public sector banks have sought relaxation in the terms for upfront money that promoters are required to bring in under a corporate debt restructuring (CDR) programme.
Lower rate helps family offset property-tax hike Sunday, August 29, 2010 @ 12:31PMBracing for a property-tax increase expected to boost their monthly payments by $300, Ellen and Robert Bachner figured refinancing their loan to take advantage of historically low interest rates would save them some cash. And it worked. On Thursday, the Bachners closed on a 20-year mortgage with a lower -- 4.375 percent -- interest rate that kept their monthly payment on their Lombard split ...
Lenders increase efforts on bad loans Sunday, August 29, 2010 @ 10:05AMAfter months of relative inaction, a number of commercial real-estate lenders have increased their efforts to dispose of poorly performing mortgage loans, Phoenix-area real-estate analysts said.
Ariz. HOA groups cutting services, raising fees Sunday, August 29, 2010 @ 10:02AMThousands of vacant properties and millions of dollars in unpaid dues are taking their toll on Arizona homeowners associations, and homeowners are paying the price.
As homeowners struggle, state trying to prevent fraud Sunday, August 29, 2010 @ 8:04AMHomeowners struggling to make their mortgage payments should not have to pay pricey fees to firms that claim they can negotiate with lenders for them. read more
Sponsored By: Sunday, August 29, 2010 @ 7:22AMIN THE CIRCUIT COURT OF THE FOURTH JUDICIAL CIRCUIT OF FLORIDA IN AND FOR NASSAU COUNTY CASE NO. 09CA1140 DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE IN TRUST FOR THE BENEFIT OF THE CERTIFICATEHOLDERS FOR AMERIQUEST MORTGAGE SECURITIES TRUST 2004-R8, ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2004-R8, Plaintiff, VS.
Consumer loan rates Sunday, August 29, 2010 @ 6:57AMSpringfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat.
As benefits end, jobless struggle but still hope Saturday, August 28, 2010 @ 1:19AMClaudine Mitchell ignores the whispers that she's lazy. This spring, she cashed her final unemployment check, joining the thousands in Michigan who have exhausted their unemployment benefits yet have not found a job.
Go ahead and tap your 401(k), but be savvy about it Saturday, August 28, 2010 @ 12:09AMDon't live beyond your means, but if you're borrowing anyways ...
Equity, ownership are not the same Friday, August 27, 2010 @ 9:03PMI have my own spin to put on the news that sales of existing homes plunged 27 percent in July: Stop
Saratoga Springs lawyer pleads guilty in larceny case Friday, August 27, 2010 @ 7:13PMBALLSTON SPA -- A 47-year-old attorney who practiced law inSaratoga Springs admitted on Friday to stealing millions of dollarsduring real estate transactions he handled for more than a dozenclients.
Beware of borrowing against your 401K Friday, August 27, 2010 @ 4:36PMIf you are thinking about dipping into your retirement, financial experts think you better think twice.
NorCal Community Bancorp Announces Second Quarter 2010 Financial Results Friday, August 27, 2010 @ 3:30PMALAMEDA, Calif.----NorCal Community Bancorp , parent company for Bank of Alameda, today reported a 2010 second quarter net loss of $721,000, or $0.23 per diluted share, compared with a net loss of $377,000, or $0.12 per diluted share, for the same period a year ago.
McCutchen, Walker lead Bucs over Cardinals again Wednesday, August 25, 2010 @ 10:59PMDaniel McCutchen pitched six shutout innings for his third victory as a major league starter, Neil Walker tripled with the bases loaded and the Pittsburgh Pirates dealt the St. Louis Cardinals another damaging loss by winning 5-2 on Wednesday night. Dropping their fourth consecutive series against a losing-record team, the Cardinals fell 3½ games behind Cincinnati in the NL Central. St. Louis ...
Pouncey wins job as Steelers’ starting center Wednesday, August 25, 2010 @ 10:59PMMaurkice Pouncey will look back at Wednesday’s practice as the official start of his reign as the Steelers’ starting center, an era Steelers fans have awaited since Jeff Hartings retired following the 2006 season. Steelers Coach Mike Tomlin confirmed the move in a Steelers.com text following a practice in which the first-round pick took all of the first-team practice reps for the first time. The ...
Ex-Pirate says failure to spend is reason for 18-year losing streak Wednesday, August 25, 2010 @ 10:59PMJose Bautista doesn’t know if the Pirates didn’t have the money to spend or simply didn’t want to spend the money they had. Regardless, the major league home run leader is convinced that if the profitable Pirates had invested in players several years ago, they wouldn’t be worrying today about ending an 18-year losing streak. The Pirates were ready to win during the 2007-08 season, when the club ...
Camp reconsiders, will reimburse campaign Wednesday, August 25, 2010 @ 9:51PMBEAVER — The day after a Hopewell Township man filed a complaint against him for using campaign funds to pay for graduate school, Beaver County Commissioner Charlie Camp said Wednesday that he would reimburse his campaign more than $14,000 to cover those tuition payments.
Young investors 'in the trenches, trying to grow our brand' in Dallas area Wednesday, August 25, 2010 @ 9:41PMDMN Brooks Burgum (left) and Jordan BastableBrooks Burgum and Jordan Bastable are not your average private equity investors. The two 20-somethings launched Longwater Opportunities in Dallas nearly a year ago and made their first investment - in an Irving assembly company - in the midst of a fragile economy.
ASB introduces home loan for those over 65 Wednesday, August 25, 2010 @ 9:37PMBy retirement age many own their home outright, but unless they’ve got good pension plans there's little cash left.
St. Paul credit union is latest to seek merger Wednesday, August 25, 2010 @ 8:55PMComo Northtown had deep ties to the neighborhoods of northwest St. Paul. It's trying now for a deal with Affinity Plus.
State twice asked EquiPoint to stop deceptive reverse mortgage mailings Wednesday, August 25, 2010 @ 8:10PMThe ads were deceiving because they omitted the company's name deceptively implied they were linked to a government agency, the Oregon Division of Finances and Corporate Securities said. The company has not responded, a state spokeswoman said.
Equity in your home doesn't translate to net worth Wednesday, August 25, 2010 @ 7:32PMI have my own spin to put on the news that sales of existing homes plunged 27 percent in July: Stop thinking of your home as your cash cow.
Singletary: `Owning' your home not always accurate Wednesday, August 25, 2010 @ 6:32PMI have my own spin to put on the news that sales of existing homes plunged 27 percent in July: Stop thinking of your home as your cash cow. In the last several decades, borrowers have heavily leveraged themselves using their houses to buy the things they've wanted -- cars, vacations, college
Money Matters: How a reverse mortgage can help or harm an older homeowner Tuesday, August 24, 2010 @ 4:10AMHomeowners over age 62 who are having a hard time paying monthly bills may rely on reverse mortgages to stay in their homes. Money Matters reporter Tara Lynn Wagner filed the following report.
Housing ripples growing Tuesday, August 24, 2010 @ 3:52AMHousing led the U.S. out of seven of the last eight recessions. This time, it may kill the recovery.
RioCan Real Estate Investment Trust Announces Firm Contract On Third Party Acquisitions Through Cedar Joint Venture Tuesday, August 24, 2010 @ 2:59AMRioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it has entered into a firm contract to acquire a portfolio of five grocery anchored and new format retail centres located in Pennsylvania, Virginia, and New Jersey from Pennsylvania Real Estate Investment Trust ("PREIT") for approximately $134 million
YOUR PLACE TO CALL HOME: Yours plus mine equals ours in real estate Tuesday, August 24, 2010 @ 2:20AMA few years back I was asked to be one of the instructors for a seminar at the St. Charles County Association of Realtors. While I didn't know it at the time, conducting that seminar would change my life.
Housing slide could force recession Monday, August 23, 2010 @ 11:22PMHome sales collapsed after a federal tax credit for buyers expired in April. [...] the manufacturing-led expansion, which began in the second half of 2009, has been waning, with jobless claims rising and factory orders falling. Spending on home construction and items such as furniture and stoves accounted for about 15 percent of gross domestic product in the second quarter, according to West ...
Mortgage refinancing difficult for many Monday, August 23, 2010 @ 11:05PMWith mortgage rates at record lows, there has never been a better time to refinance your mortgage. But with unemployment high, home prices low and lending standards back to more prudent levels, large numbers of homeowners can't qualify for a new loan and are... Mortgage - Refinancing - Business - United States - Financial Services
Housing slide threatens to drag economy into recession Monday, August 23, 2010 @ 10:01PMIn past recessions, market has helped the nation recover
Between a lock and a hard place Monday, August 23, 2010 @ 9:21PMForeclosed out of his home, a mentally ill Schaumburg man sleeping in his van tests the patience of village officials, police and neighbors Four vehicles, each filled with garbage sit outside a home in a quiet Schaumburg neighborhood, where a man has been living in his front yard since it was padlocked by a mortgage company.
Plight of homeless man leaves Schaumburg cops' hands tied Monday, August 23, 2010 @ 8:51PMIn many ways, the 1400 block of Hampton Lane in Schaumburg is typical suburbia, where lawn mowers hum and children shout on a hot August day. Except here, John Wuerffel lives in his front yard. The sidewalk in front of the home he has owned since 1971 is blocked by an aging green minivan -- one of four vehicles in the driveway. Each is filled with bottles, cans, food containers, paper towels and ...
Manchester City Shows Sheikh Mansour Value of Soccer Investment Monday, August 23, 2010 @ 7:44PMManchester City owner Sheikh Mansour bin Zayed Al Nahyan watched his team play at home for the first time since spending more than 350 million pounds ($542 million) on new talent and was shown his investment may be paying off.
Business briefs for August 24, 2010 Monday, August 23, 2010 @ 7:11PMFirst National Bank of Santa Fe, with the assistance of Homewise and grant funds from the Federal Home Loan Bank of Dallas, in 2009 awarded $140,000 in to help local families buy homes. That amount is expected to be even higher this year.
US housing slide threatens to drag economy into recession Monday, August 23, 2010 @ 4:38PMHousing led the US out of seven of the last eight recessions. This time, it may kill the recovery.
Home sales may bring the roof down on US recovery Monday, August 23, 2010 @ 3:29PMHome sales may bring the roof down on US recoveryHome sales may bring the roof down on US recovery
Kaushal Niroula, Purported New College Grifter, May Have Ravaged Bank Monday, August 23, 2010 @ 3:28PMLos Padres Bank -- the Solvang lender hit by a Rincon Hill real estate scam created by alleged con man Kaushal Niroula -- has been taken over and sold by the Federal Deposit Insurance Corp...
FHA loan problems hit home Saturday, August 21, 2010 @ 12:05AMHow new standards affect buyers and sellers.
Economy cuts into pool business Friday, August 20, 2010 @ 11:16PMDuring the housing boom, equity-rich homeowners were cashing in, many accenting their backyard with a pool.But as home values have plunged, so has the new pool business.
Wells Fargo to lay off 92 at city Wachovia site Friday, August 20, 2010 @ 11:14PMWells Fargo & Co. announced Friday that it is closing its home equity loan division and cutting 92 jobs at Wachovia's regional headquarters in Reading.
1 in 5 homeowners ‘underwater’ on mortgages Friday, August 20, 2010 @ 10:30PMDAYTON — More than one-fifth of mortgaged single-family homes in the Dayton area are valued below what still is owed on them.According to the Zillow Home Value Index, the owners of 22.6 percent of the homes in Greene, Miami, Montgomery and Preble counties owe more on the home loan than the current value of their home, a position referred to as negative equity or “underwater.”
Mortgage lenders start to say yes again to first-time home buyers Friday, August 20, 2010 @ 6:24PMthings are looking up for anyone hoping to take their first steps on the housing ladder. Despite most potential first-time buyers believing they can't afford to snap up their dream home, evidence from the Halifax published this week suggests that mortgage costs as a proportion of monthly income have shrunk dramatically.
Struggling Wis. homeowners turn to Obama program for help Friday, August 20, 2010 @ 5:29PMWASHINGTON -- Perhaps it was the phone call to her congressman that finally secured the payment reduction Green Bay homeowner Michele Beyer had been seeking to ward off foreclosure.
Fitch Upgrades Bank of America's Individual & Preferred Ratings Friday, August 20, 2010 @ 4:51PMNEW YORK--(BUSINESS WIRE)--Fitch Ratings has upgraded the Individual and Preferred Stock ratings of Bank of America Corporation (BAC) and removed them from Rating Watch Positive as follows: --Individual to 'C' from 'C/D'; --Preferred Stock to 'BBB-' from 'BB-'; --Trust Preferred to 'BBB-' from 'BB'. Other ratings, including the long-term Issuer Default Rating (IDR) of 'A+' and the short-term IDR ...
Fitch Upgrades Bank of America's Individual & Preferred Ratings Friday, August 20, 2010 @ 4:45PMNEW YORK----Fitch Ratings has upgraded the Individual and Preferred Stock ratings of Bank of America Corporation and removed them from Rating Watch Positive as follows:
Foreclosure prevention programs let homeowners down Monday, August 16, 2010 @ 11:03PMAs deals with lenders fall through, legal aid groups fight back
Fed plans disclosure rules on mortgage payments Monday, August 16, 2010 @ 9:04PMThe Federal Reserve on Monday issued a package of rules and proposals for mortgages, including a measure that would require lenders to disclose to borrowers how their mortgage payments can change over time.
Polk Rife With Negative Equity; 56 Percent 'Underwater' Monday, August 16, 2010 @ 8:40PMAbout 56 percent of Polk homeowners with mortgages are "under water," meaning they owe more than what their homes are currently worth, according to a report by the Zillow.com real estate service.
RMG Capital Corporation Reports Second Quarter Earnings for 2010 Monday, August 16, 2010 @ 7:38PMFULLERTON, CA--(Marketwire - August 16, 2010) - RMG Capital Corporation ( OTCBB : RMGC ), parent company of Fullerton Community Bank ("FCB"), reported a net income of $153 thousand, or $0.05 per share, for the second quarter of 2010, compared to a net loss of $690 thousand ($0.25 per share) in 2009. For the first six months, RMG reported a net loss of $1.91 million, or $0.68 per share, compared ...