Home equity loans

Wells Fargo has named Senior Vice President Jeff Smith to succeed Perry Hilzendeger as head of home loan servicing following Hilzendeger's earlier appointment to head of retail home lending.

From medical expenses to home improvements, here's a look at some of the most frequently cited reasons homeowners are borrowing against their home equity.

Maintenance and renovations aren't keeping up with the nation's aging housing stock, creating an influx of obsolete properties that's adding further strain to an already tight inventory of homes for sale.

The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months.

Mike Cagney, who built SoFi into America's biggest student loan refinancer before quitting amid allegations of sexual harassment at the fintech firm, is preparing for his second act: a startup offering home-equity loans.

Late-payment rates at banks declined in nine out of the 11 consumer loan categories tracked by the American Bankers Association, including credit cards, auto loans and personal loans.

From purchase mortgage potential to challenges for loan officer productivity, reverse mortgages offer traditional lenders a mix of risks and rewards.

The New York bank has begun marketing Marcus loans as a way to pay for home improvements, while also raising the maximum loan size to $40,000.

They aren't creating new products, but some lenders are advising cash-strapped customers in high-tax states to tap home equity or other credit lines to prepay property taxes before the new tax law kicks in.

Any decline in home equity balances could be offset by higher demand for other types of consumer loans. The worry is that only borrowers with blemished credit will take out home equity loans, increasing banks’ risk.