9 billion drop in home equity lending
available to businesses is still relatively small when you consider that, in the 2000 to 2008 time period, balances on home equity lines rose more than $66 billion a year, according to the Federal Reserve Bank of New York's Consumer Credit Panel.
The FirstCity capital markets division, started in 1997, focuses on subprime home equity lending
and capital market transaction support.
Both the housing and lending markets can expect a rise in trade-up home buying, renovations, jumbo lending, and home equity lending
FirstClose, a provider of end-to-end technology solutions for refinance and home equity lenders nationwide, has migrated Fulton Financial Corporation (NASDAQ: FULT), to its new, FirstClose Report system to provide Fulton Financial access to the full refinance and home equity lending
technology solution and vendor management system, the company said.
Charlotte, NC-based Bank of America (BofA) has renamed its mortgage and home equity lending
operations as Bank of America Home Loans.
NEW YORK, A private equity investment firm, has agreed to acquire the home equity lending
platform of DeepGreen Bank, Cleveland.
Clearstar's auto loans and home equity lending
have been hit hard with losses: $3.
The restructuring will also cap Irwin's remaining exposure to the national home equity lending
In a press release, NHEMA expressed "regret that [ACORN] seems to be extending criticism to the entire subprime home equity lending
The Federal Reserve Board on July 20, 2000, invited consumers, consumer advocacy organizations, lenders, and other interested parties to participate in public hearings on predatory practices in the home equity lending
According to Moody's, HSBC USA has increased provisions for its credit losses as its asset quality indicators weakened, particularly with its credit card, residential mortgage and home equity lending
portfolios, Reuters noted in a related report.
As described in the 1998 report, abusive practices in home equity lending
take many forms but principally fall within two categories.