The $325 Billion Dollar HELOC Time Bomb

Saturday, January 25, 2014
By Paul Martin
January 23, 2014

There are 19 lenders sitting on top of $325 billion dollars of Heloc’s that are ready to reset. When they do, lenders are somewhat fearful that it may result in new defaults.

Back in 2005 there were a lot of HELOC’s that were made. Well believe it or not, many of them are still alive and kicking and are close to resetting. When they reset, the we either come due as a balloon payment or they will become amortized. Either way this can be a problem for many homeowners. The question is, will people be able to deal with it, or will they throw in the towel and default.

The Rest…HERE

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