What does it mean when you get a refinancing home equity loan? Basically it means you are taking out a loan on your home equity to pay off the existing mortgage that you all ready have. In other words, it is a second mortgage.

National City Bank is desperate for capital. Evidence can be found in the Financial Times story National City offers cash to cut equity lines.

The New York Times has an interesting article on how Citicorp spent $1 billion in advertising between 2001 to 2006 on their "live richly" campaign.

In Moody's affirmation of Wells Fargo’s Aaa credit rating the rating agency pointed to the health of Wells Fargo’s $83.68 billion home equity portfolio as a key driver in the company’s rating. If this portfolio should see degradation then the bank’s rating could suffer, said Moody’s in a press release.

We have seen the real estate mortgage crisis, foreclosures. Now we see the need for the home sellers to come back to reality and offer their houses according to today's value. We also see the home prices falling daily and wonder is this coming close to end? Probably not, since according to some experts the home equity loans may be the next bubble in the real estate industry ready to burst.