Homeowners Scrambling for Cash Breathe New Life Into Second-Lien Mortgage Market

MarketWatch, March 11, 2024–Joy Wiltermuth
Second-lien mortgages have been getting a new lease on life as more borrowers tap their homes for cash two years after the Federal Reserve began jacking up interest rates.

With an estimated $30 trillion in equity in their homes, borrowers have been turning increasingly to home-equity lines of credit and second-lien mortgages, or “piggyback” loans, for a liquidity spigot.
Click here for more (subscription)