Latest Equity Loans news:

Banks cut back on home-equity loans
Q: I obtained a $60,000 home equity line of credit two years ago, but have never used it. Last week, I received a letter from my lender stating that the credit line is being reduced to only $10,000. The bank’s letter gave me no explanation for the reduction. What’s going on here? What can I do now?
Read more News Source - Lawrence Journal-World
Publish date - 05:07:11 07/18/08

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Frozen equity credit line can ice credit score
Your bank sends you a letter telling you that the limit has been reduced on your home equity line of credit. That news is unwelcome enough. ...
Read more News Source - Pittsburgh Post-Gazette
Publish date - 04:37:21 07/19/08

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Loans help people with energy-efficient home improvements
Energy loans from Keystone Help , a program created and subsidized by the state Treasury Department and administered by AFC First Financial Corp. of Allentown, is helping people to make their homes more energy-efficient.
Read more News Source - The Patriot-News
Publish date - 21:49:53 07/18/08

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Public ratings to lift market for risky loans
The European market for risky loans used in private equity buy-outs will see public credit ratings from Standard & Poor’s from December, in a move expected to boost investor confidence and get money back into the markets.
Read more News Source - Financial Times
Publish date - 02:55:16 07/17/08

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New source for home loans: strangers
Homeowners who are having trouble borrowing against their house are starting to look to an interesting new source for cash: strangers.
Read more News Source - Austin American-Statesman
Publish date - 14:21:05 07/19/08

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401(k) loan policies can't be too stringent
Would you still put money in a tax advantaged retirement fund if you couldn't touch it until you retired? And when I say you couldn't touch it, I mean you couldn't take out loans or withdraw funds under any circumstances.
Read more News Source - Everett Herald
Publish date - 07:08:14 07/20/08

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Families turn to loans and credit cards to cover mortgage bills
More than four million households have resorted to personal loans or credit cards to cover mortgage or rent payments in the past year.
Read more News Source - Times Online
Publish date - 22:34:18 07/17/08

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Blackstone Risks Hedge Fund Returns as LBO Loans Fade (Update2)
July 18 (Bloomberg) -- When Blackstone Group LP , the world's biggest buyout firm, was pursuing the takeover of the Weather Channel cable network earlier this month with General Electric Co. and Bain Capital LLC, Wall Street balked at providing financing.
Read more News Source - Bloomberg.com
Publish date - 21:06:25 07/18/08

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Bush Urges Congress to Enact Fannie, Freddie Plan (Update1)
July 19 (Bloomberg) -- President George W. Bush repeated his call for Congress to enact his administration's plan to strengthen Fannie Mae and Freddie Mac , saying the biggest providers of financing for U.S. home loans play a ``central role'' in the nation's housing finance system.
Read more News Source - Bloomberg.com
Publish date - 15:36:02 07/19/08

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Lenders' status
Homeowners aren't the only ones struggling with loans taken out in the past few years. From June 2005 to June 2007, the region's top 10 mortgage lenders made 176,451 purchase, refinance and home equity loans in El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties, according to DataQuick Information Systems. Here's a look at where they stand today.
Read more News Source - The Sacramento Bee
Publish date - 07:12:53 07/18/08

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Fed prohibits subprime 'liar's loans'
The federal government has put its foot down: A lender can't give you a subprime mortgage unless you are able to repay it. And that goes for jumbo mortgages, too -- maybe.
Read more News Source - Seattle Post-Intelligencer
Publish date - 02:20:18 07/19/08

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Workers raid 401(k) accounts to bail selves out of debt
A new study finds an increasing number of employees are raiding their retirement funds by taking out loans against their 401(k) accounts.
Read more News Source - The Shreveport Times
Publish date - 07:02:58 07/20/08

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State energy loans help homeowners save fuel
For Robert and Marietta Wolf of Upper Allen Twp., the state loan was sought after a 14-year-old electric heat pump died in January. For Laura McNaughton of Penbrook, an ancient oil-burner, which had been the cause of repeated repair visits by Eshenauer Fuels, led to her loan.
Read more News Source - The Patriot-News
Publish date - 04:05:33 07/19/08

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Homeowners at risk
Mortgage-rescue scams target people about to lose homes to foreclosure For people about to lose their homes to foreclosure, the advertisements are like a lifeline: "WE BUY HOUSES FOR CA$H," or "Refinance Your Mortgage! And Receive a 7 Day Vacation."These so-called mortgage-rescue companies promise that for fees of about $1,000 to $2,500, they can negotiate loans with providers to get owners ...
Read more News Source - Albany Times Union
Publish date - 07:16:46 07/20/08

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Loans Approved for Oakland’s Fox Theater
The Oakland City Council approved $14.45 million in new city loans and grants to the Fox Oakland restoration project Tuesday night. Councilmembers made no comment in voting for the new expenditures, but not before a small coalition of Oakland residents had plenty to say in opposition.
Read more News Source - Berkeley Daily Planet
Publish date - 17:17:01 07/17/08

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