TD Bank Survey: Homeowners Plan to Tap Into Equity for Renovations

TD Bank, Cherry Hill, N.J., releasedĀ its HELOC Trend Watch survey, finding that 38% of homeowners who are renovating their properties within the next two years intend to use a home equity line of credit or home equity loan for funds.

MBA Launches CONVERGENCE Philadelphia

The Mortgage Bankers Association on Wednesday launched CONVERGENCE Philadelphia, its third city-based pilot program to promote and increase minority homeownership. CONVERGENCE Philadelphia joins initiatives underway in Memphis, Tenn., and Columbus, Ohio.