Search Options
close
Search the following clips:
All Clips
Everyone's Clips
My Guides
Sign Up
Install
Learn More
Login
HELOC tightening
dquinter
follow
0
2-11-2008 1:39 PM
147 views
tags:
optional. separate by commas.
,
bank
,
real estate
,
foreclosure
dquinter
says:
An article relating to the HELOC tightening Mr. Bruce Norris mentioned at the seminar last week.
Add a Comment
Login
to Comment. Not a member yet?
Sign up
Related Clips
Markets Fall: Government Throws Away More ...
Tutorial JBoss rules workbench
14 useless insurance policies
Veterans Official Resigns, Bible study wa...
BABA GANOUSH
Bali Hindus Challenge Indonesian Porn Legi...
TNH's Lovecraftian preserved "Larval Old O...
More clips from
dquinter
6 mistakes men make w/ sex
Another reason to ONLY buy notes in 2008
Lure of a deal starts to bring buyers back
Today's Top Clips
The rival to the Bible
Our "Digital Shadow" -a Mind-Bending Prediction
Female Fighters: We Won't Stand for Male Dominance
Layers of Red Cliffs on Mars (Photo)
Different nesting options :)
Clive Thompson: Why Veteran Visionaries Will Save the World
The Surge has Worked
Scientists Reach Hydrogen Storage Milestone
Bush snubs Iran breakthrough opportunity
Almost Gone
visit the
Top Clips page
View the Top Clips from
February 11, 2008
Embed This Clip In Your Site...
<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9e0e0db1-c90f-45ea-a11e-82f0354ea8a8/4582F370-689F-49B7-B307-04328256858C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://realestate.aol.com/article/_a/home-equity-loan-defaults-soar/20080204112109990001?ncid=AOLCOMMre00DYNLsec0002" href="http://realestate.aol.com/article/_a/home-equity-loan-defaults-soar/20080204112109990001?ncid=AOLCOMMre00DYNLsec0002" style="font-size: 11px;">realestate.aol.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://realestate.aol.com/article/_a/home-equity-loan-defaults-soar/20080204112109990001?ncid=AOLCOMMre00DYNLsec0002"><P>To head off more defaults, Countywide sent out letters to 122,000 homeowners last week informing them that their home equity credit lines were shut down since their estimated <A href="http://realestate.aol.com/home-values">home values</A> had dropped below their loan amounts.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://realestate.aol.com/article/_a/home-equity-loan-defaults-soar/20080204112109990001?ncid=AOLCOMMre00DYNLsec0002"><P>Right behind Countrywide was Chase Home Lending, which notified borrowers in Los Angeles, Imperial and Orange Counties that they could tap their credit lines for no more than 70% of the value of their house. Previously, the limit had been 90%.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://realestate.aol.com/article/_a/home-equity-loan-defaults-soar/20080204112109990001?ncid=AOLCOMMre00DYNLsec0002"><P>The Calculated Risk blog, which specializes in <A href="http://realestate.aol.com/">real estate</A> and mortgage finance issues, has estimated that mortgage equity withdrawals for the fourth quarter totaled $145 billion. If tightening lending standards are put rapidly into place for home equity loans, it is not inconceivable that $50 billion or more of spending power is instantly removed from the economy.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://realestate.aol.com/article/_a/home-equity-loan-defaults-soar/20080204112109990001?ncid=AOLCOMMre00DYNLsec0002"><P>In other words, at least one-third of the recently passed $150 billion stimulus package is already canceled out.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/4582F370-689F-49B7-B307-04328256858C/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
Clipmarks
Home
New Clips
Top Clips
Dashboard
Popular Topics
News
Life
Science
Technology
Entertainment
Get Started
Sign Up
Install Clipping Tool
How Clipping Works
Clip-to-Blog™
ClipSearch
Tools and Resources
FAQ
ClipWeek
Top Clippers
Top Tags
Site Map
About Clipmarks
About Us
Contact
Blog
Copyright
Privacy
EULA
OK