Bigger Borrowing
After peaking at almost $375 billion in 2005, originations of home-equity lines of credit (HELOCs) plummeted to just $62.5 billion by 2010. Since then they have been steadily rising, and through 1H17 already total $84 billion, suggesting annual volume of close to $200 billion. Despite this rise, new originations are less than repayments. Bank holdings of HELOCs peaked in 2009 at $610 billion and now stand at $387 billion.
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Elliot F. Eisenberg, Ph.D.
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