For many Americans, home equity lines of credit aren’t a sure thing right now, with a 19 percent drop nationwide, The Wall Street Journal (WSJ) reported. According to data from credit reporting firm Equifax, as reported by WSJ, banks’ holdings of home equity lines were...
One of the nation’s biggest names in mortgage lending has put the brakes on home equity lines of credit (HELOC) as the economic turmoil caused by COVID-19 is making the U.S. mortgage market look shaky. Wells Fargo & Co. announced the global financial services company headquartered...
February 05, 2024
Banks tightened their standards on loans to both businesses and households in the fourth quarter. They also saw lower demand for lending during that period, the Federal Reserve reported Monday (Feb. 5). “While banks, on balance, reported having tightened lending standards further for most loan categories in the fourth quarter, lower net shares of banks reported tightening lending […]
June 18, 2020
For many Americans, home equity lines of credit aren’t a sure thing right now, with a 19 percent drop nationwide, The Wall Street Journal (WSJ) reported. According to data from...
May 01, 2020
One of the nation’s biggest names in mortgage lending has put the brakes on home equity lines of credit (HELOC) as the economic turmoil caused by COVID-19 is making the...
