Capital One confirmed it is closing the home equity lending business it acquired in the purchase of Discover. The news first appeared in a Reddit thread last week and then in Home Equity Lending News ...

Capital One Financial Corporation COF has decided to wind down the home equity lending business it acquired while buying Discover Financial in May. The news was first reported by Banking Dive. A ...

Home Equity Lending News first reported on the topic. Under the terms of the deal, Capital One shareholders now own 60% of the combined company, with the remaining 40% held by Discover shareholders.

U.S. Bank offers home equity loans in amounts from $15,000 to $750,000, so you might prefer it if you need a larger loan amount, since Discover only lends up to $300,000.

Capital One Financial Corporation (NYSE: COF) is one of the most undervalued NYSE stocks to buy now. On July 7, Capital One announced its decision to wind down Discover’s home equity lending ...