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Wave of HELOC resets to cause 400% increase in delinquency - OC Housing News


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2014 Nov 30, 10:05pm   916 views  0 comments

by golfplan18   ➕follow (1)   💰tip   ignore  

http://ochousingnews.com/blog/wave-heloc-resets-cause-400-increase-delinquency/

When a HELOC recasts to a higher payment, borrowers default at rates four times larger than normal.

Source: http://ochousingnews.com/blog/wave-heloc-resets-cause-400-increase-delinquency/#ixzz3KefSOOsg

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