Advanta Corp. said Friday that its wholly owned Advanta Mortgage Conduit Services Inc. has priced a $100 million revolving home equity loan trust.

"Advanta's home equity line of credit product, a direct-to-the consumer program, is completing its second full year of nationwide operation. The growth in this business is demonstrated by the size of this transaction which is double last year's deal," said Milt Riseman, president of Advanta Mortgage Corp. USA.

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.