Thousands of home equity loans made in the peak years of the housing bubble are just starting to reach their 10th birthday, which for many borrowers will bring very bad news.
JPMorgan must face claims over home equity loansReutersJune 19 (Reuters) – A Manhattan federal judge has decided against JPMorgan Chase & Co in a lawsuit over losses on securities backed by risky home equity …and more »
Suddenly BB&T is pushing 3.49% home equity loans? This is troubling on several levels.
1. I thought banks were under orders to reduce their real estate exposure. 2. Anyone who currently has actual equity in their “home” must have a)bought in the 199…
Easy access to home equity loans during the housing boom put borrowers who extracted home equity at more risk. Declines in home prices are felt more severely by people who took out home-equity loans. Middle-class crush and banking system burdened by ex…