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Banks reeling as bubble-era HELOC delinquencies double in one year - OC Housing News

When mortgage mania was at its peak in 2005, millions of homeowners tapped the equity in their homes through home equity lines of credit. It’s now time to pay the piper. HELOCs come with 10-year grace periods, so 2015 marked 10 years after the frothiest borrowings. In March, delinquencies were u...

 

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Uploaded on June 17, 2016