SMART MONEY: New owner obligated to pay loan - Daily Local News

SMART MONEY: New owner obligated to pay loan Daily Local News By BRUCE WILLIAMS DEAR BRUCE: My father got a home equity loan four years ago. (I did not sign for the loan.) About $50000 was used over time, and the mortgage was paid off long ago. He gave me the house in 2010, and all the proper legal papers were ...

ResCap to Stop Funding $1.7 Billion in Home Equity Loans - San Francisco Chronicle

New York Times

ResCap to Stop Funding $1.7 Billion in Home Equity Loans San Francisco Chronicle May 15 (Bloomberg) -- Residential Capital LLC, the bankrupt mortgage company indirectly owned by the US government, won court approval to quit funding $1.7 billion in consumer home equity lines of credit to conserve cash. US Bankruptcy Judge James Peck ... Residential Capital seeks Chapter 11 protectionBismarck Tribune Ally aims to end mortgage woes with ResCap filingReuters all 456 news articles »

Bad Home Loans Weigh on Guaranty Bank - LoanSafe

Bad Home Loans Weigh on Guaranty Bank LoanSafe (Source: Paul Gores Milwaukee Journal Sentinel (MCT) — Guaranty Bank, which profited for years making mortgages and home-equity loans to consumers, now is struggling just to post a profitable quarter. The Brown Deer-based lender, the ninth-biggest ... and more »

The Business Finance Store Discusses Financing a Business Through Home Equity - San Francisco Chronicle (press release)

The Business Finance Store Discusses Financing a Business Through Home Equity San Francisco Chronicle (press release) The Business Finance Store discusses some things business owners and entrepreneurs should consider before borrowing against their home with a home equity loan or home equity line of credit. Santa Ana, CA (PRWEB) May 15, 2012 Wells Fargo is holding a ... and more »

Bank Retreat on Shipping Seen Filled by Private Equity: Freight - BusinessWeek

Bank Retreat on Shipping Seen Filled by Private Equity: Freight BusinessWeek In the first quarter, more than half of Commerzbank's loan-loss provisions of 212 million euros ($270 million) were booked at its ship-finance unit. Provisions probably will rise this year, according to a May 9 conference call with the bank's ... and more »