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.


2 Responses to “Mr Mortgage – Big Banks Home Equity Exposure Revealed”

  1. […] Mr Mortgage YouTube Series – Big Banks Deadly Home Equity Exposure Revealed […]

  2. 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.

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>