Some East Bay residents are calling on three national banks to renegotiate their mortgages to help them avoid losing their homes.
About two dozen people protested outside the Antioch branches of Countrywide, Wachovia and Washington Mutual on Friday.
The protest was organized by a Contra Costa County interfaith group that wants the banks to convert customers’ risky, [...]
The Federal Home Loan Bank system won permission yesterday to double the amount of capital that it can spend to purchase mortgage bonds in an effort to boost home lending and revive the nation’s housing market.
The Federal Housing Finance Board approved a plan that would allow the 12 privately financed, government-sponsored Federal Home Loan Banks [...]
While mortgage brokers are running in circles trying to find lenders for their customers, savings banks are quietly reaching out to provide mortgages and HELOCs to good credit borrowers.
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Back when dinosaurs roamed the earth, there was a thing called the Savings and [...]
Home equity loans grew popular in the 1980s, as lenders let homeowners borrow as much as 100 percent of their equity. But in 2007, that practice was given a major overhaul.
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During the wild and bullish price run experienced across housing markets at [...]
Home equity loans have turned easy credit into imminent disaster for insatiable borrowers. Soon, America may slide head-on into a mortgage-fueled recession.
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The current administration has racked up unprecedented debt, spending money as if there were no tomorrow. As the dollar continues to [...]
Rising default rates are prompting lenders to change their underwriting guidelines, making it more difficult for many to obtain home equity loans and other types of mortgage financing.
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In Aldous Huxley’s novel Brave New World, character John the Savage is forced into a [...]
If you were a typical kid, you hated homework. But as an adult, you now understand that doing your homework can pay off financially-especially when you learn about the advantages of a home equity line of credit.
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Debt has a lousy reputation. [...]
As the mortgage crisis spills into other areas of the economy, many small business owners will lose an important source of capital. Home equity loans have been financing thousands of small companies, but that source of funds is rapidly becoming a thing of the past.
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The delinquency rate among home equity loans has experienced a recently frightening increase. Overly aggressive lenders may have caused the problem by relaxing their loan guidelines. But borrowers are also to blame, particularly when they fail to see the signs of financial trouble.
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With relatively low interest rates and tax-deductible interest, home equity lines of credit (HELOCs) have always been considered the best choice when it comes to home improvement loans. But while they might be the top lending tool for homeowners, HELOCs have their fair share of risks. The phrase “one size fits all” might [...]