Loan Think

What We're Hearing

Published March 16, 2009, 6:00 a.m. EDT

1 Min Read

With home values in the tank it stands to reason that the home equity (second lien) market would be suffering something awful but that's not necessarily the case. Some lenders are still posting decent second lien production volumes, according to the brand new issue of the Alternative Products Quarter Data Report (AP-QDR). People's United Bank of Bridgeport, Conn., funded $168 million of second mortgages in the fourth quarter, a 27% increase in volume. Perl Mortgage of Chicago saw its fundings increase by 32%. For information about the AP-QDR drop a line to: Deartra.Todd@SourceMedia.comâ¦

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