Back in the ’00s I remember watching a Discovery Channel show on people summiting Mt. Everest. One of the amateur climbers matter-of-factly said that he financed his THREE attempts by taking out a HELOC on his home. I remember thinking, “I hope I didn’t securitize this guy’s loan.” HELOC’s were banished to the preverbal woodshed over the past few years, but now appear to be back.
12/10/2013 – Adverse Market Fee Going Away, but G-Fees Going Up; Mortgage Insurance Overhaul; Investor Updates