Home equity loan offers advantages
Q. A friend of mine recently paid his bills during several months of unemployment by drawing on a home equity line of credit.
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Mortgage Company Suddenly Closes Offices (NBC 10 Providence) A mortgage company lays off 3,800 workers and closes 229 branches nationwide as part of a restructuring.read more...
Some lenders heed warning on risky mortgages Federal Reserve Chairman Alan Greenspan is turning up the volume on his warnings about potential perils of certain risky mortgages if the high-flying housing market loses much altitude.read more...
Europe's Record Mortgage Bonds Aided by Government Growth Needs (Bloomberg.com) Nov. 29 (Bloomberg) -- Banks in Europe are selling a record $101 billion of mortgage-backed bonds this year as governments increasingly provide incentives for home ownership that may invigorate their
Singer Seeks Limits On Predatory Lending D.C. Attorney General Linda Singer is pushing for tougher regulations on payday loan, check-cashing centers, and other financial business that cater to low-income customers. via News8.net read more...
Fall predicted for Westbury HOUSEBUILDER Westbury is forecasting a significant fall in first-half operating profit and margin, adding that August's cut in interest rates is not sufficient to revive an ailing housing market.read more...
Bill seeks to curb abusive mortgage lending (USA Today) A leading House Democrat took on the banking industry Monday with a bill to restrict lending practices partly blamed for the nationwide surge in mortgage defaults and foreclosures.read more...