The home equity lending industry
Subtitle: refinancing mortgages for borrowers with impaired credit
By: John C. Weicher.
Contributors: Hudson Institute.
Publisher: Hudson Institute
Published: 1997
Place of publication: Indianapolis, Ind
Language: eng
Number of pages: 106
Subjects: Home equity loans -- United States.; Consumer credit -- United States.; Credit ratings -- United States.
Description: The Home Equity Lending Industry is the first public policy analysis of a rapidly growing sector of the housing finance system. It describes the homeowners who - despite impaired credit - have refinanced their mortgages in increasing numbers, outlines the terms on which they have been able to obtain loans, and summarizes the experience of lenders and borrowers after the mortgages have been issued.

The study draws on new data sources to illuminate a market that has been ignored or discussed only in anecdotes.
Notes: Includes bibliographical references (p. [97]-103).