Results for Equity Lines

By By Kenneth R. Harney
Nov 30, 2014 | 5:00 AM
| washington
Homeowners’ equity holdings nationwide are up sharply and interest rates are near historical lows, leading to more home equity borrowing. Above, homes in Mission Viejo. (Mark Boster / Los Angeles Times)
If you're thinking about taking out a home equity line, you're hardly alone. Credit lines tied to home equity — popularly known as HELOCs — are one of the fastest-growing segments in the mortgage market. Volume during the first…

Wells Fargo will be reconfiguring the components of home equity lines of credit for new borrowers, according to The Wall Street Journal.

FDIC Subscriptions sent this bulletin at 07/01/2014 11:33 AM EDT
Financial Institution Letter
FIL-33-2014
Summary
The Interagency Guidance on Home Equity Lines of Credit Nearing Their End-of-Draw Period (HELOC guidance) recognizes that some institutions and borrowers may face challenges as HELOCs near their end-of-draw period. Many borrowers will have the financial capacity to meet their contractual obligations as HELOCs transition from the draw period to an…

FDIC Subscriptions sent this bulletin at 07/01/2014 10:02 AM EDT
Press Release
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
For Immediate Release
Agencies Issue Guidance for Home Equity Lines of Credit Nearing Their End-of-Draw Periods
WASHINGTON— Four federal financial institutions regulatory agencies and the Conference of State Bank Supervisors (CSBS) today issued guidance to financial institutions regarding home equity lines of…

Aug 8, 2012 by Headmaster
With the home-mortgage crisis in the U.S. wreaking havoc in the real estate and banking industries, its affect is now trickling down into other areas, such as divorce. Under the current market conditions, breaking up is harder to do than ever. Many divorcing couples are
forced to live under the same roof because they can’t afford to move on separately. They can’t unload their houses for enough money to pay off their mortgages and home-equity debts, but job…

Home Equity Lines Of Credit (HELOC) - Consider using the equity in your home for debt consolidation, education expenses, or home improvement projects. Whatev...

If you are considering borrowing funds to finance your college education or that of your spouse or children, it is important that you understand that the student loan interest deduction is not limited to the interest paid on government student loans. In fact, virtually any loan interest will qualify as long as the loan proceeds are used solely for qualified higher-education expenses (that is, it is…

Posted by Josh Silver on May 18, 2017
The Home Mortgage Disclosure Act (HMDA) provides indispensable data to assess whether lenders are meeting consumer credit needs, and to protect against discrimination. The Consumer Financial Protection Bureau (CFPB) enacted a final HMDA rule in 2015 , implementing enhancements that were mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank additions included information about…

Many retirees face the dilemma or renting or owning real estate in retirement. Here are the various pros and cons of renting and owning. From mortgages to roommates to home equity lines of credit, you have quite a few options of where to live and how to pay.

For the first time in a year and only the second time in a decade, the Federal Open Market Committee (FOMC), the policy making arm of the Federal Reserve, voted on Wednesday in its eighth and final meeting of the year to raise the federal funds target rate by 25 basis points up to the 0.50 to 0.75 percent range
With the labor market widely considered to be at full employment and the unemployment rate at a post-recession low of 4.6 percent, according…

Meridian Title Company Rock Island Illinois
Looking Ahead: How to Ensure That You Are Taking Full Advantage of Mortgage Tax Credits
One of the major benefits to purchasing a home with a mortgage are the tax credits that can be taken advantage of when April 15 comes around
Many homeowners are unaware of what mortgage related expenses can be deducted and, more importantly, which ones can no longer be deducted.
Receive A Tax Deduction For Interest Paid On The Mortgage
The most common…

You've worked hard to build equity in your home. And if you're looking to make the most of this resource, America First has a product to fit your needs.

Take advantage of the equity in your home with an INTRUST home equity loan or line of credit. INTRUST offers competitive rates and personal service.

An open line of credit that can be used for major purchases or home improvements.

Your Zions Bank home equity revolving line of credit is there for you when you need it for home improvements, education or other unexpected expenses.

Put your home's equity to work with a home equity loan or home equity line of credit from Seven Seventeen Credit Union in Warren, OH. Apply online today!

Aug 07, 2014 | 6:01 PM
Nationwide, $50 billion to $79 billion in home equity lines are at heightened risk for default in coming years, credit rating firm TransUnion said in a study. Above, rows of homes in Oakland. (Justin Sullivan / Getty Images)
A wave of potential defaults on home equity lines of credit could start arriving in the next few years as Americans face a day of reckoning on their boom-era borrowing
Many homeowners who took out home equity lines, essentially…

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* As of 09/06/2017, Annual Percentage Rate (APR) is the highest Prime Rate (index) published in the "Monthly Rates" section of the Wall Street Journal on a monthly basis, but APR cannot decrease below floor rate of 4.00% (As of 09/06/2017, the Prime Rate is 4.25%). After 6 month introductory fixed rate, rate adjusts based on Prime Rate plus a margin ranging from 0.25% to 2.50% depending on credit score. Maximum 18% APR. Maximum loan amount is $250,000 and 90% CLTV. Your loan…

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