| Las Vegas Sun
Countrywide Financial Corp., one of the nation's largest mortgage lenders, has suspended the home equity credit lines of nearly all of its Las Vegas customers. Lenders Countrywide, Bank of America Corp., Washington Mutual Inc. and IndyMac Bancorp Inc. are targeting borrowers in cities where property values are falling. With a rising number of homes in foreclosure and more obstacles preventing would-be home buyers from securing loans, the Las Vegas economy may not see an improvement in the near future. .
Homeowner Perception of Home Value Inches Closer to Reality in Q1 but Wide Gap Still Exists, According to ...
Despite continued home value declines nationwide, U.S. homeowners remain bullish about their own home's value. For the second consecutive quarter, homeowner perception about changes in their personal home value is markedly off from the reality, according to a recent Zillow® survey of homeowner confidence conducted by Harris Interactive®. .
Broker can help with home equity options
Traditionally, a mortgage broker was never top-of-mind when considering a home equity lending solution. But times have changed and today, many mortgage brokers in Canada are taking on an advisory role in assisting seniors on home equity lending options. Greg Stanley is one such advisor. As a licensed mortgage broker and certified financial planner, Stanley, with Home n Work Mortgages, not only helps Canadians plan their retirement, but also provides guidance to seniors interested in home equity lending. �The equity in your home is like a shoe-box in your closet. You own it, but it is not working for you,� said Stanley. �Obtaining a Canadian Home Income Plan (CHIP), for example, is like opening that shoe-box and taking out some thing valuable and using it. .
Setting up Shop: What Does It Take to Establish a Private Equity Firm in Today's Market?
Establishing a private equity fund as a founding partner is the objective of thousands of practitioners across the industry. For the fortunate few, success has involved talent, good timing and perseverance combined with industry growth that has supported the entry of new firms. With the market continuing to mature, what are the hurdles, and what will it take to successfully start a private equity shop going forward? A leading private equity fundraising advisor and two leading investors with extensive experience advising and backing new private equity firms discussed these issues with members of the Wharton Private Equity Club (WPEC). Greg Myers is managing director of the Private Fund Advisory Group at Lazard & Co. He has 12 years of experience advising private equity firms across Europe, the United States and Asia on fundraising transactions.
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