|
Free web hosting |
Home equity loans news | |
| Owner to sell Champion Mortgage CLEVELAND (AP) -- KeyCorp is looking to sell a lending subsidiary, Champion Mortgage, the financial services company said Tuesday. KeyCorp acquired Champion, based in Parsippany, in 1997. It offers mortgage financing and home equity loans in 26 states and has a loan portfolio of about $2.5 billion. KeyCorp has plans to sell subsidiary Cleveland-based KeyCorp is looking to sell its lending subsidiary Champion Mortgage, the financial services company said Tuesday. KeyCorp acquired Champion, based in Parsippany, N.J., in 1997. It offers mortgages and home equity loans in 26 states and has a loan portfolio of about $2.5 billion. KeyCorp Looks to Sell Champion Mortgage KeyCorp is looking to sell its lending subsidiary Champion Mortgage, the financial services company said Tuesday. KeyCorp acquired Champion, based in Parsippany, N.J., in 1997. It offers mortgages and home equity loans in 26 states and has a loan portfolio of about $2.5 billion. HBOS outbids Barclays for British home builder HBOS, the biggest British mortgage lender, and the investors Simon and David Reuben agreed Tuesday to buy the retirement home builder McCarthy & Stone with a sweetened bid worth £1.1 billion. Helocs from hell During the past few years, millions of Americans fell in love with home equity lines of credit. These helocs are easy and inexpensive to obtain and they carried very low interest rates - until recently. Confused by all the Mortgage Options? Heres Help (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. Big Homes Build Innovative Loans Jul. 31--The rich red tones that warm every room first drew Rene and Barbarella Diaz to the West Paces Ferry Road house they now call home. Harder to own a home Owning a home is becoming the impossible dream for an increasing number of New Zealanders. Research by AC Nielsen for Wizard Home Loans shows a 12 percent drop in home ownership in the year to March. It is even more difficult in Auckland where home ownership has fallen by 26 percent. Tower Loans opens Carthage branch Specializing in personal loans from 500 to 5,000, Tower Loan is moving north, expanding from its base in Mississippi and Louisiana. The company has already opened four offices in Missouri, and is currently opening four more, including one in Carthage. Familys new home raises new hopes They left behind civil strife in Africa and have found a piece of the American dream with help from Habitat for Humanity and Lutheran organizations. | |