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| Home Equity Loans - Updated News |
UPI NewsTrack Business (UPI)
U.S. markets mixed before holiday ... United raises prices at the bar ... Not bribes, consulting fees, attorney says ... Late payments on equity loans rise ... News from United Press International.
Home-equity loans harder to come by (The Sarasota Herald-Tribune)
Q:My wife and I bought our first home in November of last year. We paid $600,000 for the house and put 20 percent down so the mortgage is for $480,000. I've heard that opening a line of credit on the house is a good idea in case of an emergency.
FDIC Warns Banks On Legally Scaling Back Home Equity Lines (Nasdaq)
WASHINGTON -(Dow Jones)- Lenders eager to scale back or suspend home equity loans amidst the ongoing housing slump must meet certain legal requirements aimed at protecting consumers, a top U.S. banking regulator warned in a letter to bank executives.
Bad home equity loans highest in 11 years (Miami Herald)
Consumers fell behind on loans secured by their homes at the fastest pace in two decades in the first quarter, signaling deeper distress in the economy, the American Bankers Association reported Wednesday.
Home Equity Basics (Carteret County News-Times)
(ARA) - Purchasing a home is a huge event in anyone's life. It's an investment that, over time, will yield you a significant profit. As the years progress, the value of your home will increase.
Late payments on equity loans rise (Moldova.org)
Delinquency rates on home-equity loans are higher than they have been in more than a decade, the American Bankers Association said.Late payments have reached an 11-year high as the consumer is getting hit from all directions, Joel Naroff, president of Naroff Economic Advisers told USA Today.Consumers most often deal with home loans as the highest priority, followed by car loans and then credit ...
Valley start-up helps cops, military quickly pinpoint origin of gunshots (Contra Costa Times)
Nobody called the cops, nobody dialed 911. But when newly installed technology picked up the sound of gunfire in York, Pa., last month, it quickly directed police to a precise location where they found a 21-year-old man who had been shot three times.
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