Only two million or so households have enough equity in their homes and high enough credit ratings to be viable candidates for home equity lending, according to a new analysis from Lender Processing Services. Of course, it’s no secret that home equity lending has hit a brick wall and likely won’t turn around until housing values start heading north again. Although the immediate outlook for the sector is bleak, some lenders are starting to stick their toe in the HELOC pond. See the National Mortgage News website for the full story…
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