St Louis Mortgage Banks See Higher Home Equity Loan Defaults
http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Home Equity Loan Defaults On the Rise
Residential and Commercial Lending: 314-334-0210 | Floyd Tapia |
Just recently, news surfaced that lenders nationwide had written off approximately $11.2 billion in home equity loans in 2009. Additional losses included $19.8 billion in home equity lines of credit which was more than was written off in the...