Download or read book The Home Equity Lending Industry written by John C. Weicher and published by . This book was released on 1997 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Home Equity Lending Industry is the first public policy analysis of a rapidly growing sector of the housing finance system. It describes the homeowners who - despite impaired credit - have refinanced their mortgages in increasing numbers, outlines the terms on which they have been able to obtain loans, and summarizes the experience of lenders and borrowers after the mortgages have been issued. The study draws on new data sources to illuminate a market that has been ignored or discussed only in anecdotes.
Download or read book The Insider s Guide to Home Equity Borrowing written by Pete Hitesman and published by Relentless Press. This book was released on 2004-04 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Empirical Analysis of Home Equity Loan and Line Performance written by Sumit Agarwal and published by . This book was released on 2005 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the growth in home equity lending during the 1990s, it is imperative that lenders and regulators understand the risks associated with this segment of the residential mortgage market. This paper addresses this need through analysis of a unique panel data set of over 135,000 homeowners with second mortgages. Our analysis indicates that significant differences exist in the prepayment and default probabilities of home equity loans and lines. We find that households with equity loans are relatively more sensitive to changes in interest rates. On the other hand, households with equity lines are more sensitive to appreciation in property value. Our analysis offers insights into bank minimum capital requirements associated with home equity credit lending.
Download or read book Replace Your Mortgage written by Michael Lush and published by Createspace Independent Publishing Platform. This book was released on 2016-04-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you could pay off your mortgage in even a third of the time instead of waiting thirty years to pay it off, wouldn't you want to know how to do that? It's possible with the right home loan. While it may seem unbelievable, it comes down to math and a little education that banks prefer homeowners not know about. Michael Lush has spent fifteen years as a mortgage originator helping consumers get into their dream home. After speaking to a wealthy mentor of his, he then stumbled across how the wealthy finance their homes using lines of credit. Along with his co-author, David Dutton, Lush now teaches future homeowners, present homeowners as well as successful real estate investors how to use a simple home equity line of credit to pay off a home in 5-7 years. In this book you will learn: - The case against a mortgage from a 15 year mortgage veteran. - Why making extra payments on a mortgage vs a HELOC is still slower and also locks your money up until you sell your home. - 2 important reasons why this strategy isn't more well known. - How to pay off a home faster even if you have very little equity. - 5 powerful resources that will help you get started quickly to becoming mortgage free. - Pros and Cons of a HELOC - The deadly mistakes homeowners make when using a HELOC - How to build a real estate empire. - How to buy a vacation home and pay it off quickly (See chapter 9) Before you even think about signing on for a thirty year mortgage, you owe it to yourself to read this book as well as check out their popular Youtube channel.
Download or read book Your Home Loan Toolkit written by Consumer Financial Consumer Financial Protection Bureau and published by Createspace Independent Publishing Platform. This book was released on 2016-03-22 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Buying a home is exciting and, let's face it, complicated. This booklet is a toolkit that can help you make better choices along your path to owning a home.
Download or read book Bank On Yourself written by Pamela Yellen and published by Vanguard. This book was released on 2010-03-23 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Wall Street Journal, USA Today, and BusinessWeek bestseller Bank On Yourself: The Life-Changing Secret to Growing and Protecting Your Financial Future reveals the secrets to taking back control of your financial future that Wall Street, banks, and credit card companies don’t want you to know. Can you imagine what it would be like to look forward to opening your account statements because they always have good news and never any ugly surprises? More than 100,000 Americans of all ages, incomes, and backgrounds are already using Bank On Yourself to grow a nest-egg they can predict and count on, even when stocks, real estate, and other investments tumble. You’ll meet some of them and hear their stories of how Bank On Yourself has helped them reach a wide variety of short- and longterm personal and financial goals and dreams in this book.
Download or read book Secondary Mortgages for Everyone written by Joshua King and published by Independently Published. This book was released on 2024-05-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The average consumer is strapped for cash. However, the US economy thrives on consumer spending. What is a government to do? The US government wants homeowners to access more capital (debt) by encouraging them to take secondary mortgages, also known as home equity loans. For their part, the government promises to pay investors back if borrowers default on their secondary mortgages. This will create a secondary market for home equity loans similar to the one for primary mortgages, also known as mortgage-backed securities. I am staying far away from assuming a secondary mortgage, but I will invest in secondary mortgage-backed securities through the stock market! How will you take advantage of a new trillion-dollar industry? Good Luck!
Download or read book Adverse Selection in the Home Equity Line of Credit Market written by Michael LaCour-Little and published by . This book was released on 2017 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Securitization has been widely assigned blame for contributing to the recent mortgage market meltdown and ensuing financial crisis. In this paper, we employ the OCC Home Equity database to develop estimates of default and prepayment probabilities for home equity lines of credit originated during 2004-2008 and tracked through 2014. Results show that securitized home equity loans bear both higher default and prepayment risk compared to loans held in portfolio by lenders, consistent with adverse selection in the securitization process. Spreads on securitized home equity lines are higher, as well, consistent with a “lemons spread”. Results are robust across multiple specifications, including models that address the endogenous decision to securitize, and support adoption of the credit risk retention rule for asset-backed securities.
Download or read book Regaining the Dream written by Roberto G. Quercia and published by Rowman & Littlefield. This book was released on 2011-07-27 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Millions of Americans have lost their homes since the start of the recession initiated by the financial crisis of 2008–09. But is the dream of homeownership for America's working families obsolete, an aspiration from a bygone era? Regaining the Dream rejects that notion and proposes a way to strengthen the financial system while simultaneously promoting an equitable and viable American homeownership policy. For the first time, the authors of Regaining the Dream offer data-driven evidence on how the mortgage industry can serve working families in the United States, pointing the way to a pragmatic housing policy that promotes the opportunity for sustainable homeownership. Taking the reader step by step through the lending crisis and what caused it, the authors include useful and clear definitions of terms heard almost daily in news coverage. And they give a fair account of the history behind Fannie Mae and Freddie Mac and the new Dodd-Frank law, explaining what remains to be done to uphold one of the defining characteristics of the American dream.
Download or read book Reverse Mortgage written by Daniel Shore and published by Freegulls Publishing House. This book was released on with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: A reverse mortgage allows homeowners aged 62 or older to access a portion of the equity they have built up in their homes over the years. The amount that can be borrowed depends on factors such as the homeowner's age, the appraised value of the home, and current interest rates. One of the key features of a reverse mortgage is that it does not require monthly payments like a traditional mortgage does. Instead, the loan balance increases over time as interest accrues on the borrowed amount. The homeowner retains ownership of the home and can continue to live in it as long as they comply with the loan terms, which typically include maintaining the property and paying property taxes and homeowners insurance. Repayment of the loan is usually deferred until the homeowner moves out of the home permanently, sells the home, or passes away. At that point, the loan must be repaid, usually through the sale of the home. Any remaining equity after the loan is repaid belongs to the homeowner or their heirs. Reverse mortgages can be a valuable financial tool for seniors who need additional income during retirement or want to access their home equity without selling their home. However, they also come with certain risks and considerations, such as potential fees, interest rates, and the impact on inheritances. It's essential for homeowners to carefully consider their options and consult with a financial advisor before deciding if a reverse mortgage is right for them.
Download or read book The Home Ownership and Equity Protection Act of 1993 S 924 written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1993 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Turning Home Equity Into Income for Older Homeowners written by Mary H. Parker and published by . This book was released on 1982 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Should You Take a Home Equity Loan written by Joshua King and published by Independently Published. This book was released on 2024-05-22 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Home equity loans will become the new hotness. The federal government is putting its full weight behind creating a secondary market for them. The new market will function similarly to primary mortgages on the bond market in the form of mortgage-backed securities. Your bank will soon begin offering home equity loans. The question is whether you should take one. 96-98% of people should not add more debt to their budgets. However, a small subset of people can use a home equity loan to create generational wealth. You'll need to study financial books to learn how to use leverage. If you do the work, home equity loans can be a massive boon to your family and your future. Good Luck!
Download or read book Loan Performance and Negative Home Equity in the Non Prime Mortgage Market written by William B. Shear and published by DIANE Publishing. This book was released on 2010-10 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The number of nonprime mortgage originations grew rapidly from 2000 through 2006, a period during which average house prices appreciated dramatically. The nonprime share of mortgage originations rose from 12% in 2000 to 34% in 2006. As house prices subsequently fell, the subprime and Alt-A market segments contracted sharply. Borrowers who had obtained nonprime mortgages earlier in the decade increasingly fell behind on their mortgage payments. This report: (1) provides info. on the performance of these nonprime loans as of 6/30/09, and describes forecasts made by others of future loan performance; and (2) examines the extent of negative home equity among nonprime borrowers in selected metro. areas and nationwide.
Download or read book Home Equity Conversion Mortgages written by United States. Department of Housing and Urban Development and published by . This book was released on 1994 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consumer Problems with Home Equity Scams Second Mortgages and Homes Equity Lines of Credit written by Robert J. Hobbs and published by . This book was released on 1989 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pratt s State Regulation of Second Mortgages and Home Equity Loans written by Marsha L. Williams and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
