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Late payments on equity loans rise (UPI)
WASHINGTON, July 3 (UPI) -- Delinquency rates on home-equity loans are higher than they have been in more than a decade, the American Bankers Association said.
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Late payments on equity loans rise (Moldova.org)
Delinquency rates on home-equity loans are higher than they have been in more than a decade, the American Bankers Association said.Late payments have reached an 11-year high as the consumer is getting hit from all directions, Joel Naroff, president of Naroff Economic Advisers told USA Today.Consumers most often deal with home loans as the highest priority, followed by car loans and then credit ...
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Bad home equity loans highest in 11 years (Miami Herald)
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 economy, the American Bankers Association reported Wednesday.
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Home-equity credit being cut (Milwaukee Journal Sentinel)
Melville, N.Y. - Melville, N.Y. - Homeowners have been getting their home-equity lines of credit frozen or pared down...
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Identity Theft Can Drain Your Home Equity Credit Line So Check Accounts Regularly, Says ITAC (Centre Daily Times)
ITAC, the Identity Theft Assistance Center, warns consumers to regularly check their Home Equity Lines of Credit (HELOC) accounts, following release of a Federal Bureau of Investigation (FBI) report indicating an increase in the use of identity theft to drain these accounts.
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FDIC Warns Banks On Legally Scaling Back Home Equity Lines (Nasdaq)
WASHINGTON -(Dow Jones)- Lenders eager to scale back or suspend home equity loans amidst the ongoing housing slump must meet certain legal requirements aimed at protecting consumers, a top U.S. banking regulator warned in a letter to bank executives.
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Real Estate Weekly: Home-eauity-loan woes continue to mount (Market Watch)
The delinquency rate on home-equity lines of credit rose to its highest in more than a decade during the first quarter, the American Bankers Association said this week.
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Home-equity-loan Delinquencies Hit Record High In ABA Data (Fox News)
Home-equity-loan Delinquencies Hit Record High In ABA Data
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Identity Theft Can Drain Your Home Equity Credit Line So Check Accounts Regularly, Says ITAC (Business Wire via Yahoo! Finance)
WASHINGTON----ITAC, the Identity Theft Assistance Center, warns consumers to regularly check their Home Equity Lines of Credit accounts, following release of a Federal Bureau of Investigation report indicating an increase in the use of identity theft to drain these accounts.
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Home equity, bank card delinquencies up (East Valley Tribune)
An increasing number of homeowners and consumers are coming up short when it comes to paying their monthly debt obligations. According to the American Bankers Association, delinquency rates for home equity lines of credit and bank cards rose during the first quarter.
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