"Demand for business loans was generally soft, with activity driven by nonprofits and energy companies. A few of our contacts noted a pick-up in construction-loan requests for multifamily dwellings. On the consumer side, indirect auto lending was strong, while draw-downs on home equity lines of credit tapered off. Other installment loan categories remain weak."
— Crains Cleveland Business
"We continue to make progress toward our goal of selling mortgage servicing assets to a new entity, Home Loan Servicing Solutions, while retaining a servicing contract. This is a part of our strategic plan for Ocwen to become an ‘equity-light’ fee-for-service business."
— Street Insider
"Lending institutions are more open to offering a loan when they see more cash on the table from other sources like retirement funds, home equity loans and access to other assets of the borrower … Today, 70 percent of our clients use multiple forms of financing."
— SouthCoastToday.com
"my credit doesn’t matter, the amount of equity in my home doesn’t matter, no appraisal necessary, no income verification necessary—all that matters is that I have a VA home loan and no additional liens on the property, like a second mortgage."
— AlterNet.org
"They need money for their business, but they end up with no equity in the only asset they have - their home - and the only asset they can offer as collateral to get a loan"
— Palm Beach Post
"To lower the rating because the limit is NOT raised is like cutting the FICO score of a homeless person because he is denied a home equity loan."
— Clusterstock
"Demand for business loans was generally soft, with activity driven by nonprofits and energy companies. A few of our contacts noted a pick-up in construction-loan requests for multifamily dwellings. On the consumer side, indirect auto lending was strong, while draw-downs on home equity lines of credit tapered off. Other installment loan categories remain weak."
— Crains Cleveland Business
"Home equity loans are popular ways to finance a vehicle. Interest rates are generally lower than auto loan rates and in some cases, it may be tax deductible, the interest"
— FOX-KHON 2 Hawaii
"She applied for a home equity loan. And this resonates with me, this story. She handed her husband the application, and said to him, ‘Here, Honey, sign this but don’t read it.’"
— Dane Carlson’s Business Opportunities
"Our loan portfolios are weathering the difficult economic environment extremely well, leading to a reduction in credit losses. While overall loan growth was a challenge due to heavy commercial real estate paydowns and payoffs, our commercial and industrial and home equity loan portfolios both grew during the third quarter"
— Banker & Tradesman
"Dozens of people across Yorkshire and North Lincolnshire have taken the opportunity to step onto the property ladder with HomeBuy Direct. The scheme offers certain groups of purchasers the chance to snap up a brand new home with the help of an equity loan, jointly funded by Redrow and the Homes and Communities Agency."
— Smart New Homes
"But by using equity instead, you can effectively make the bank your power company with no change to household cash flow. The Solar Home Loan Calculator can show home owners how to take 10 years off an average mortgage and save up to $100,000 in interest payments."
— 24-7PressRelease.com
"It means they [people] can refinance, they can get a lower mortgage per month … They can possibly wrap up a car payment or a home equity loan or tuition and put it all into one big package."
— WGRZ | Buffalo, NY
"It was all things that were needed … Part of the home equity loan was also paying off previous credit card debt."
— The Street
"The most cost-effective lending option is to use the equity in your home and borrow the motor vehicle cost as an additional extra loan against your home. This loan can be structured over five years and will attract the current home loan interest rate of around 7 per cent. This is far more attractive than a secured car loan that could be charged at anywhere between 8 per cent and 12 per cent."
— NEWS.com.au
