Home-Equity Portfolios Come Under Increased Strain in 2009 as Lenders Scale Back Production
June 18, 2009
Banks and thrifts continued to ride the brakes on their home-equity lending business during the first quarter of 2009 as default rates climbed higher, according to a new Inside Mortgage Finance ranking and analysis. Home-equity lending, including originations of closed-end second mortgages and borrowing on home-equity lines of credit, totaled just... [Includes one chart and one graph]