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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (18369)9/3/2004 3:42:10 PM
From: ild  Read Replies (1) of 110194
 
Bank and thrift HELs are currently growing at an annualized rate of 40%, as reported by the Federal Deposit Insurance Corp. (FDIC). FDIC-insured depositories made $39.3 billion in home-equity loans during 2Q04. As of June 30, these institutions held a total of $415.8 billion in HELs, above the $295.4 billion in 2Q03. The majority of the growth in HELs has been generated by commercial banks, which added $32.4 billion in HELs in 2Q04 and have been growing a 38.5% annualized rate.
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