Home equity

RECENT NEWS
Banking Business Review  Nov 10  Comment 
Home mortgage customers use rewards to pay down nearly $10.5m in mortgage principal
Bankstocks.com  Aug 20  Comment 
The banking unit of Wells Fargo & Co. is facing a lawsuit claiming it illegally reduced
Sober Look  Jul 30  Comment 
The drastic deterioration of home equity is a well known fact, but it's still amazing when one looks at the numbers. Below is a chart from Goldman that shows just how little equity on average people have in their homes. The loan-to-value ratio is...
Clusterstock  Jun 12  Comment 
Using yesterday's Flow of Funds from the Fed, blogger WCW gives us the chart below. As you can see, it illustrates the stunning vaporization of real estate wealth. So does this mean we've hit bottom? Not by a long shot. As a percentage of...
InvestorCentric  Jun 10  Comment 
Many small business owners have had a rough time during this recession. Not only do they face lower sales but home equity loans, that were once a crutch against cash shortfalls, have become increasingly difficult to come by. Tim Iacono from The...
Clusterstock  May 15  Comment 
Everyone knows that U.S. house prices have fallen almost 30% from the peak. What is less well known is that Americans' equity in those houses--the part that American homeowners actually own--has fallen much further. Why? Because, despite all the...
Invesmint  Mar 11  Comment 
It’s hard to go a single day without hearing or seeing a headline shouting about the mortgage crisis. High foreclosure rates and tighter lending practices are causing the inventory of houses for sale to increase and the number of sold houses to...
naked capitalism  Jul 2  Comment 
Yet more signs of consumer stress. From Bloomberg:Consumers fell behind on loans secured by their homes at the fastest pace in two decades in the first quarter, signaling deeper distress in the U.S. economy, the American Bankers Association...
The Mess That Greenspan Made  May 6  Comment 
After hearing the complaints coming out of Las Vegas after Countrywide shut down thousands more home equity lines of credit, you'd think that "tapping home equity" (whether the equity is there or not) was some sort of an inalienable...
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Home equity is the difference between the market value of a borrower's home and the amount of his or her mortgage. For instance, if the borrower sales his or her home for 100,000 and he or she owes the bank 50,000 then he or she will receive 50,000 from the sale.

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