A full-service financial institution, Brookline Bank provides individuals and businesses with deposit and lending services, residential mortgages and home equity lending
, commercial and CRE banking, cash management, merchant services, and access to investment services.
Home equity lending
isn't going anywhere, even with the tax bill.
NYSE: FBC) has said that it has entered into a partnership with FirstClose, a provider of technology solutions for mortgage lenders nationwide, to provide Flagstar access to an end-to-end home equity lending
technology solution, as well as a vendor management system that removes duplicate data entry.
Now, with a resurgence of home equity lending
, they're ready to pay for the best.
REUTERS NEW YORK CITIGROUP Inc has agreed to change some of its home equity lending
practices and let borrowers whose credit lines were suspended or cut to challenge its actions or recover some fees.
The overall amount of home equity lending
that has been extended is highly correlated with home prices, but the figures are complicated by the unknown extent to which funds have been drawn from available credit lines.
As a result, home equity lending
became the fastest growing form of consumer credit during the past decade.
Steve Bredeson has been named director of home equity lending
According to an April 2006 report by Atlanta-based Bench Mark Consulting International's Brian King, entitled Property Valuation, Title, Flood, and Closings--the Past, the Present, and the Future, in 2005 Bench Mark released the results of its Consumer Bankers Association's Home Equity Lending
Study, which revealed that the percentage of valuations performed using AVMs increased from 50 percent in 2003 to 66 percent in 2005.
A longer-term economic issue concerns the tapped-out American consumer, particularly in the wake the home equity lending
boom and the interest-only mortgage activity of the past couple of years.
Among the topics of a two-hour October 12 telebriefing cosponsored by the American Bankers Association and the Appraisal Institute were the Appraisal Standards Board's Scope of Work project and recent guidance issued by the federal financial regulatory agencies on residential tract development and home equity lending
The rapid growth of home equity lending
has in some cases outpaced sound credit management practices.