Consider, however, that HELOCs had been shoveled down to virtually any home owner throughout the housing bubble during the early 2000s. Whenever house costs refused, HELOCs exacerbated the housing collapse that then followed.
Because scores of brand new HELOCs have already been originated from the very last a long period, let us simply just take an excellent appearance if they pose new threats at them and see. Continue reading “Viewpoint: Lax standards for house equity personal lines of credit echo bubble-era madness”