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• What's more important than your life savings? Your home equity loan is in dire straights and your 401(k) was wiped out -- what do you do besides look at racy Web sites? According to a Security and Exchange Commission report obtained by CNN, there was only one thing left for employees to do while they watched the economy crumble all around them: They looked at pornography -- and lots of it. The SEC's Office of the Inspector General found that during the market crash, "33 SEC employees and or contractors violated Commission rules and policies, as well as the government-wide Standards of Ethical Conduct, by viewing pornographic, sexually explicit or sexually suggestive images using government computer resources and official time."...
• About Home equity loans Home equity loan A home equity loan (sometimes abbreviated HEL) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. A home equity loan creates a lien against the borrower's house, and reduces actual home equity. Home equity loans are most commonly second position liens (second trust deed), although they can be held in first or, less commonly, third position. Most home equity loans require good to excellent credit history, and reasonable loan-to-value and combined loan-to-value ratios. Home equity loans come in two types, closed end and open end. Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit ar...