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Home Equity Lines Of Credit: The Next Looming Disaster?
In a previous REAL ESTATE CHANNEL article , I discussed the madness of borrowing through home equity lines of credit (HELOC) during the bubble years. Now is a good time to take an in-depth look at these second liens and the dangers they pose for the housing market and the large banks.
Read more...U.S. home applications rise, but refinancing dominates
Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday
Read more...Dangers of walking away from your mortgage
Underwater homeowners who skip out on their mortgages face a slew of consequences.
Read more...