Mr Mortgage - Big Banks Home Equity Exposure Revealed
Posted on April 6th, 2008 in Mr Mortgage's Personal Opinions/Research
This is a must-see. It is all about HELOCs (Home Equity Lines of Credit), which banks have the greatest exposure, how banks are shutting them down on consumers, Fitch’s recent actions and how YOU MAY BENEFIT.
Mr Mortgage YouTube Series - BIG BANK’S DEADLY HOME EQUITY EXPOSURE
May 6th, 2008 4:10 pm
[...] Mr Mortgage YouTube Series - Big Banks Deadly Home Equity Exposure Revealed [...]
July 18th, 2008 10:53 am
Earlier this year when National City first issued a “revised” downward outlook - The CEO issued a statement to our local, Cleveland, media referencing HOME IMPROVEMENT LOANS as a potential problem area. Doesn’t it sound so much more responsible for a Bank to invest in a loan that improves the value of the subject property, beautifies the neighborhood and brings much needed sunshine to the Area(Ok maybe a reach). Unfortunately, Cleveland Ohio audience may not have appreciated the subtle differences between Home Improvement loans and Home Equity loans but the 75% drop in housing values in the city has gotten everybody’s attention.