Home-Equity Lending Continued to Decline In 3Q09, But Some Firms Seized Opportunity
December 17, 2009
Second-mortgage loan originations continued to decline during the third quarter of 2009 as portfolio lenders watched rising default rates on a product that is still almost universally held on the balance sheets of commercial banks, thrifts and credit unions. Those depository institutions held a total of $944.20 billion in home-equity lines of credit and... [Includes three charts]