The delinquency rate among HELOCs originated right before the bubble has shot up—and the trend is likely to continue.
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More Than Half of Current HELOCs Facing Payment Shocks Over the Next Two Years
Home equity lines of credit (HELOCs) originated during the housing bubble years of 2005 to 2007 have either reached or will soon reach their 10-year "end of draw" period, at which point borrowers will face a payment shock that may cause delinquency rates among HELOCs to rise substantially.
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