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Examples
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Mortgage servicers also could be required to disclose to investors whether they own any interest in the loans they service, such as a home-equity loan.
Mortgage Servicers Face New Fee System Alan Zibel 2011
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Adrian Pelkus, a San Marcos, Calif., business owner used home-equity loans to fund at least six start-up businesses in the past 15 years.
When the Home Bank Closes Robbie Whelan 2012
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But the Saver "increases the ways in which older homeowners might use a reverse mortgage," says Barbara Stucki , vice president for home-equity initiatives at the nonprofit National Council on Aging.
The Reverse Mortgage Gets a Makeover Anne Tergesen 2011
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The Saver's 4.01% "effective" rate — consisting of a 2.76% variable interest rate, plus a 1.25% annual fee — "compares favorably" with the 4.78% variable rate the client would pay for a home-equity line of credit, he says.
The Reverse Mortgage Gets a Makeover Anne Tergesen 2011
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Mortgage servicers also could be required to disclose to investors whether they own any interest in the loans they service, such as a home-equity loan.
U.S. Mortgage Rules Delayed in Regulator Spat Alan Zibel 2011
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Lower 'Effective' Rates The client, a retired management consultant, could do better with a Saver than a home-equity line of credit, Mr. Gregory says.
The Reverse Mortgage Gets a Makeover Anne Tergesen 2011
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At least 30% of the credits must come from cutting loan balances on first mortgages; reductions on first mortgages and home-equity loans must account for at least 60% of the total.
Foreclosure Deal Gets Closer Ruth Simon 2012
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These days, only about 40% of BrightStar Care franchisees rely on bank loans to get started, add more units or make renovations, whereas three years ago just about all of them tapped home-equity loans for such purposes, said Shelly Sun , chief executive officer.
Franchise Industry Shows Glimmer of Recovery Sarah E. Needleman 2011
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Mortgage servicers also could be required to disclose to investors whether they own any interest in the loans they service, such as a home-equity loan.
Regulatory Spat Delays New Mortgage Rules Alan Zibel 2011
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With a conventional loan, such as a home-equity line of credit, a borrower can tap into a home's equity but must make monthly repayments.
The Reverse Mortgage Gets a Makeover Anne Tergesen 2011
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