This is certainly a reasonable concern. All things considered, have not the worst of these been beaten up regarding the operational system through foreclosures and refinancing?
One big issue is they asserted that there were 3.2 million fewer home equity loans outstanding at the end of this period than at the beginning that we don’t even know how many of these second liens are still outstanding. Despite the Equifax report showing 12 million new HELOCs and home equity installment loans.
Just How is possible?