Ciena, Corning, Home Depot, Weatherford: U.S. Equity PreviewNews from Bloomberg: Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 7:45 a.m. in New York. Apple Inc. (AAPL) : HTC Corp. lost a patent-infringement claim against the world’s largest technology company at the [...]
Reverse mortgages are more popularNews from KVOA Tucson News: TUCSON – Imagine a mortgage that pays you money. You get to do what you want with the cash and the government picks-up any shortfall. It’s called the Reverse Mortgage. People disagree if they are a good idea but reverse mortgages are paying off for more [...]
Shadow Inventory Weighs Down Housing MarketNews from The Mortgage Reports: How much is $ 1 trillion? Economists calculate that the decline in home prices has cost American homeowners approximately $ 7 trillion in home equity. That number is the equivalent of 28 million homes losing $ 250,000 in value each! Compounding this problem is the fact [...]
Cash-Out Refi or Home Equity Loan?News from NASDAQ: Thinking about a home equity loan or line of credit? You might be better off with a cash-out refinance of your current mortgage instead. Lenders are once again offering home equity loans and lines of credit (HELOCs), after many suspended such offerings a few years ago with [...]
TexasLending.com to Discuss Required Documentation for Home Loans in Texas on …News from Houston Chronicle: CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the documentation required when refinancing, buying, or getting home equity loans in Texas on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio in Dallas. (PRWEB) [...]
Real: Second mortgage complicates refinancing | The RepublicNews from The Republic: Having a home equity loan or home equity line of credit when you’re trying to refinance your mortgage adds a layer of complication to the approval process. That’s because the second mortgage holder, which is legally entitled to move into first place when the [...]
Turning Home Equity Into 401(k) MoneyNews from Smartmoney.com: The financially savvy are truly different from the rest of us. Know why? They get to use the tax code to their advantage in ways most other folks can’t or don’t or won’t. They are borrowing against the equity in their homes at low rates and then [...]
Don’t risk home to pay off credit card debtsNews from Tulsa World: In 2007, its clients’ average income upon entering its debt-management plans was $ 43,000, and their average credit card debt was $ 22,000. Last year, their average income was $ 54,000, and their average credit card debt was $ 24,000. The housing debacle [...]
Attack of the Vampire MortgagesNews from Huffington Post: The U.S. Attorney General has unveiled a joint state and federal settlement with banks aimed at “righting the wrongs” of the housing bubble. It’s a start — a start that comes after the battle has mostly ended. The reality is that the window of opportunity to address [...]
Handle lines of credit with careNews from Globe and Mail: Give people enough line of credit and they’ll hang themselves with debt. The bad boy of borrowing products – that’s the line of credit. Recently, the federal government asked the banks to stop blithely handing out home-equity credit lines to people. In his new book [...]