Analysts believe that the current housing crisis is just the tip of the iceberg and that many more mortgages, including home equity loans and subprime mortgages are primed to go underwater, and could drag more banks with them. In a report released today, the news was not good for those with home equity loans. The […]
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Home Equity Loan Company Fighting Losses
Posted on April 23rd, 2008 by Bright Light
National City, a lender specializing in home equity loans, announced today that they are in the process of raising $7 billion to offset their losses. The home equity loan provider has had three straight quarters of losses and the problem does not seem to be getting any better. Shareholders are understandably nervous as other larger […]
Get Home Loan Equity While You Can
Posted on April 16th, 2008 by Bright Light
Experts are encouraging home owners who are financially secure to take advantage of their home equity loans while they still can. Even though the housing market is going through chaos, these experts state that it is better to cash in on a home equity loan now, before these loans become unavailable.”When done correctly, it is […]
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