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Lending Tree VP Talks about Dangerous Refinancing Mistakes
Monday, September 26, 2011 - CBS Money Watch interviewed Mona Marimow, Senior Vice President of Lending Tree, who in turn interviewed Lending Tree’s network lenders about common and dangerous mistakes that consumers make when refinancing home loans.
Marimow then points...
Home Equity Loan Industry Awaits “Surprises” For the End of the Fiscal Year
Tuesday, September 20, 2011 - The home equity loan (a.k.a. reverse mortgage) industry has had a rollercoaster ride this past year, especially since many major players in the industry have upped and gone for one reason or another.
Yet the industry collectively holds its breath...
Two Home Equity Loan Ex-Providers Lead Job Losses in Mortgage Industry
Tuesday, August 30, 2011 - The second quarter of 2011 saw 4,940 mortgage-related hires. That’s good, except that there were 5,404 layoffs in the same time period – meaning 464 individuals in the mortgage industry lost their jobs.
That is still markedly better than...
“I Dream of Jeannie’s” Barbara Eden to Star in HEL Commercials
Saturday, August 20, 2011 - Recent TV commercials for home equity loans (HELs) have been dominated by men, with Fred Thompson, Henry Winkler, Robert Wagner and Pat Boone each representing their own respective firm.
That is set to change, as Barbara Eden will star in home...
Sour Economy Breeding More Home Equity Scams
Sunday, August 14, 2011 - As the economy continues to slide downhill, more and more people are finding themselves in difficult financial situations – especially those hard-pressed for extra money like retirees.
And it is these distressed individuals that are the favorite...
Home Equity Loan Endorsements; Competition Declining
Tuesday, August 2, 2011 - May 2011 saw just more than 5,000 home equity loan (HEL) endorsements – around 1,000 less than April’s endorsements – for a total of 31,948 HELs since January.
Endorsements this year continue to be higher than those in the previous year,...
Market for Home Equity Loans Less Likely to Be Affected by “Debt Disaster”
Wednesday, July 27, 2011 - A lot of things will go wrong for America if it should default on its debts, but the home equity loan (a.k.a. reverse mortgage a.k.a. home equity conversion mortgage) market will not be hit as hard.
This is what Jeff Traister has to say about...
FAQ for Home Equity Loans in Light of Recent Fraud Cases
Saturday, July 9, 2011 - After one Pennsylvania title agent and three local loan mortgage officers were charged in court for home equity loan fraud, senior reporter for South Florida’s Sun Sentinel Diane C. Lade dedicated an entire column to answer a few Frequently...
74 Mortgage-Related Firms Failed in 1st Half of 2011
Tuesday, July 5, 2011 - A recent press release by Mortgage Daily has shown 10 non-banks, 48 banks and 16 credit unions have closed down, ended businesses or failed in one way or another in the first half of 2011.
Four reverse-mortgage businesses are included in the...
Why Banks Are Moving Away From Home Equity Loans
Tuesday, June 28, 2011 - Bank of America and Wells Fargo distanced themselves from home equity loans a.k.a. reverse mortgages, citing fluctuating and unpredictable real estate prices as one of the primary reasons for this decision.
This did not make sense for Torrey...
