The Treasury Department will have few options to help homeowners if a coming wave of resets on home equity lines of credit leaves borrowers struggling to pay their monthly bills.

Programs already in place to help underwater borrowers with second liens are languishing. Meanwhile, the Treasury's authority to create and fund new homeowner assistance programs under the Troubled Asset Relief Program expired several years ago.

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.