WASHINGTON -- An increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan. The Office of ...
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Consider options: A traditional mortgage, home equity loan or line of credit might prove best. Consider costs: Weigh high upfront costs in reverse mortgages. One expense is "non-recourse" insurance, so if you collect more in payments than your house ...
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CLEVELAND — National City Corp., which is trying to recover from steep losses in the home mortgage market, is offering a $200 incentive to customers if they voluntarily close equity lines of credit that don’t have a balance. The Cleveland-based ...
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Consumer Reports recently analyzed hundreds of credit cards and named a dozen that are worthy of consumers' attention — and three to stay away from. Among the best credit cards for low-rate/low-fee are Capital One Platinum Prestige, Clear from ...
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CLEVELAND -- National City Corp. is offering a $200 incentive so some of its home equity customers will close their credit lines. That strategy appears based on a concern over higher risk due to declining home values. Various banks have started ...
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National City Corp., Ohio's largest bank, will let some customers close their untapped home-equity lines of credit, without penalty, to reduce liabilities on its balance sheet. The lender ''provided customers the opportunity to close the line without ...
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Months after banks across Ohio and the nation started freezing people's home equity lines, National City Corp. is dangling a $200 carrot. The Cleveland-based bank is offering the cash incentive to an undisclosed number of customers in various parts ...
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