Second Mortgage Modifications for Credit Lines and Equity Loans and
Tuesday, September 1st, 2009The use of second mortgage liens grew during the housing boom as homeowners extended themselves with home equity loans to consolidate debt and finance as much as 100% of the original purchase price. Administration officials estimate that modifying home equity loans could help as many as 1.5 million homeowners. An Obama official said that “by bringing the 1st and 2nd [...]