2008-01-18 — blogspot.com
'If 2007 is the year of the sub-prime mortgage crisis, 2008 could be the year of the home equity crisis. With the declining housing market in the US the second (and third) mortgage industry is coming under a lot of pressure. The real problem with trouble in the second and third mortgage sector is that unlike the primary mortgage business there is no well developed secondary market for home equity loans and lines. '
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