When posting your discussion response, make sure that you answer the following questions and provide a link of a site that supports what you have provided for your discussion response. If you do not add a link along with your discussion response you will receive half of the credit for the discussion assignment.
What percent of home-equity lines of credit (Helocs) signed up for in 2004 were 30 days or more late? How does this compare to just a few months before?
What has triggered the jump and why?
Why do you think banks tend to keep Helocs on their books rather than reselling them? What are the implications for these banks?
Should banks restructure these loans in response to pressure from regulators? Why or why not?