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Laws protect consumers? home-equity loans (Lawrence Journal-World)
An increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governin... Regulators warn lenders on home equity loans (Houston Chronicle)
After a rash of consumer complaints, the federal agency charged with regulating savings and loan institutions issued guidance Tuesday warning lenders they could not arbitrarily change the terms of hom... Feds warn thrifts about changing equity loan terms (Lexington Herald-Leader)
After a rash of consumer complaints, the federal agency charged with regulating savings and loan institutions issued guidance Tuesday warning lenders they could not arbitrarily change the terms of hom... Unlocking your home equity (CNN Money)
The housing rescue package that Congress scrambled to pass in July was aimed primarily at stemming foreclosures and shoring up Fannie Mae and Freddie Mac. But it also contains provisions that make rev... OTS Gives Guidance On Home Equity Lines Of Credit (Nasdaq)
WASHINGTON -(Dow Jones)- With financial institutions increasingly shying away from home equity lines credit, the Office of Thrift Supervision is reminding lenders it regulates of their obligations to ... Lender declares ICOP Digital in default on credit line (BizJournals)
Equity Bank has declared ICOP Digital Inc.?s $3.5 million credit line in default because of what the bank called ICOP?s weakened financial condition and ?impending breach? of a covenant in its loan ag... Wachovia cutting home-equity credit lines (Philly.com)
In the middle of remodeling the kitchen of their Gloucester County house, Paul and Julianne Gablin received a letter from Wachovia Bank canceling the line of credit they were using to pay for the proj... Complaints spark regulators' warning (The Charlotte Observer)
After a rash of consumer complaints, the federal agency charged with regulating savings and loan institutions this week warned lenders they could not arbitrarily change the terms of home equity loans. Equity questions (The Oregonian)
A home equity line of credit -- or HELOC -- allows homeowners to easily draw from the value of their home to cover expenses. But shrinking home values have reduced the amount of money that can be draw... S&Ls given warning about freezing credit (Minneapolis-St. Paul Star Tribune)
The Office of Thrift Supervision warns against improperly lowering credit limits or altering rules for home-equity loans.
