Over the last twenty years, financial companies have marketed second mortgages as home equity loans and lines and made it acceptable to borrow against your house. Consumers eagerly gobbled them up.
Article | Updated Aug 15, 2008 | Views: 62 | Comments: 0 Tags: home equity
BusinessWeek has a good article about the problems that HOme Equities are reaking and will continue to create for banks. Helocs are generally unsecured and when homeowners default, banks get...
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