Friday, June 6, 2014

OCHN: HELOC lending is up, but lenders still won"t lend to Ponzis

Overall lending is up, particularly for HELOCs, but lenders are very choosy about who they lend money to, saying no to Ponzis.

Lenders were burned by millions of borrowers running personal Ponzi schemes during the 00s. I documented thousands of cases of people borrowing and spending their...
HELOC lending is up, but lenders still won"t lend to Ponzis





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