Equifax, Fitch sound alarm on looming home equity credit line resets

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Nov. 7, 2013

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Resets on home equity credit lines opened up during the housing boom represent a looming “wave of disaster” because many borrowers will be unable to handle the higher payments or refinance their debt, forcing banks to either foreclose or modify ...

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