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Home Equity Loan News


Wells Fargo to Help Inland Empire and Los Angeles Customers Facing Mortgage ...
MarketWatch (press release)
Less than 2.0 percent of the loans secured by owner-occupied homes and serviced by Wells Fargo resulted in a foreclosure sale in the last 12 months. -- Just 7.63 percent of the first mortgage and home equity loans Wells Fargo services were past due or ...

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Newsday

Current Mortgage Rates: 30 Year Mortgage Rates at 4.02%
MonitorBankRates.com
Current mortgage rates on 30 year loans are averaging 4.02%, an increase from yesterday's average 30 year mortgage rate of 3.90%. Mortgage rates on 15 year home loans are averaging 3.31%, an increase from yesterday's average 15 year mortgage rate of ...
Mortgage rates expected to remain lowNewsday

all 33 news articles »


Mortgage Rates & Trends (blog)

Banks See Paying Bonus to Troubled Homeowners Beats Foreclosure: Mortgages
Bloomberg
Giving tens of thousands of dollars to delinquent homeowners sends the wrong message, particularly if they got into trouble by running up home-equity loans during the housing boom, he said. “It may make sense for people to walk away, it doesn't make ...
Some Lenders Paying Borrowers Thousands to Short Sell Their HomesMortgage Rates & Trends (blog)

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TexasLending.com to Discuss Home Loan Options on Radio KLIF in Dallas, Texas
Houston Chronicle
CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the various home loan options available from TexasLending.com including refinance loans, home equity loans, home purchase loans, reverse mortgages and FHA loans on The ...

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New York Times

Consumer Borrowing Increased In December
New York Times
She said the gains in credit card debt were coming from very low levels. The Federal Reserve's borrowing report covers auto loans, student loans and credit cards. It excludes mortgages, home equity loans and other loans tied to real estate.
Consumer borrowing rose $19.3 billion in DecemberFox News
Consumer borrowing up $19.3 billion in DecemberLos Angeles Times
Consumer borrowing surged for second month in December with credit cards and ...Washington Post

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Home Financial Bancorp Announces Second Quarter Results
MarketWatch (press release)
Loan loss provisions were $92000 and $90000 for the quarters-ended December 31, 2011 and 2010, respectively. A regular assessment of loan loss allowance adequacy indicated that these provisions were necessary to maintain an appropriate allowance level.
SBT Bancorp, Inc. Reports EarningsBusiness Wire (press release)

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Two Defendents From Brooklyn and Sacramento Charged for Home Equity Loan Fraud
LoanSafe
According to court records, Kim and Rashidov were responsible for taking out more than $236000 in home equity loans for a single property in West Sacramento. As part of the loan application process, Kim allegedly submitted false and fraudulent ...

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Two indicted for home equity loan fraud in Central Valley
Central Valley Business Times
Kim and Rashidov were responsible for taking out more than $236000 in home equity loans for a single property in West Sacramento. As part of the loan application process, Mr. Kim allegedly submitted false and fraudulent information related to his gross ...
Sacramento man accused of mortgage fraud, money launderingBizjournals.com

all 3 news articles »


Wall Street Journal

When the Home Bank Closes
Wall Street Journal
WSJ's Robbie Whelan discusses a consequence of the housing crisis on small business: the drying up of home-equity loans businesses have relied on for funding. Photo of Garner Grub creator Keith Mullin by Michal Czerwonka for The Wall Street Journal.

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MonitorBankRates.com

Mortgage Rates This Weekend: Current Mortgage Rates on 30 Year Home Loans at 3.98%
MonitorBankRates.com
Current mortgage rates on 30 year conforming home loans are averaging 3.98%, unchanged from yesterday's average 30 year mortgage rate. Mortgage rates today on 15 year home mortgage loans are averaging 3.29%, down from yesterday's average 15 year ...

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