Technology Helps Fuel 28% Increase In Home Equity Loans At Navy Fed. Navy Federal Credit Union
VIENNA, Va. - Navy Federal is expecting to close $2. 3 billion in home equity loans this year, 28% more than last year. Rising rates for first mortgages are helping to fuel the increase. If the forecast is on target, equity loans will nearly triple the $823 million in lending during 2003, said Publication: Credit Union Journal
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