Wells Fargo & Co., the biggest U.S. residential lender, has stopped offering most customers the interest-only version of its home-equity line of credit.
It's a reversal in reverse mortgages. And that may mean a boon for boomers.
Tiger Woods is turning the Mexican desert in Los Cabos into grass fairways. Americans with home- equity loans are seeing green there too.
Bank of America Corp., whose home- equity mortgage portfolio exceeds its stock market value, probably will say about $2 billion of junior loans are bad assets tomorrow even as some borrowers are still paying on time.