Home equity loans were part and parcel of the mortgage bubble, and the bust has transformed them into one of the most significant loose ends in a crisis that still appears far from resolution.

Whatever their ultimate fate, most of the action is playing out on bank balance sheets.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.