Securitization of home equity loans has come of age, helping fuel rapid growth at a number of finance companies, says Len Blum, managing director of Prudential Securities' mortgage and asset finance group. Last year, issuance of home equity securities hit $10 billion, up from $6.6 billion in 1993, according to Asset Sales Report, an American Banker newsletter. Mr. Blum discussed the market's development in a recent interview.

Q.: What's behind the growth?

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.