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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (48463)12/30/2005 12:55:20 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Don't think so at least on piggybacks, HELOCs lending has actually declined during the period. The applications has fallen in line with transaction activity, and not nearly as fast as issuance:

HELOC (home equity line of credit):
09/28/2005 439.6
12/14/2005 436.7

This is big news suggesting that PMI insurers are backing away from risk.