Lenders retreat from subprime consumer credit as losses mount
The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months.
HELOCs
Mill City cuts back on HELOCs in latest RPL RMBS
HELOCs make up just 2.9% of the $281 million pool of collateral; 81.8% of the HELOC borrowers are currently ineligible to make draws; another 18.2% are permanently frozen.
Harvey-impacted borrowers have healthier equity than those of Irma
The majority of borrowers impacted by Hurricane Harvey have a significant amount of equity, while many in Hurricane Irma disaster areas have limited or negative equity, according to Black Knight Financial Services.
