A survey released by the Consumer Bankers Association in June painted a sanguine picture of home equity lenders routinely making high-LTV loans-to borrowers who are older, richer, and more creditworthy than before.

The implication was that a growing phenomenon, Americans cashing in the equity in their homes to pay off credit cards and buy cars and vacations, presented few risks for lenders or consumers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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