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Second Lien Market Poised for Growth.(Brief Article)
While 2002 "by most measures" was "the strongest year for housing on record," according to a Harvard University report, going forward, second mortgages are expected to steal the show in mortgage finance.
A Harvard University Joint Center for Housing Studies report, "The State of the Nation's Housing," released at the Ford headquarters here, also found that residential investment, home sales, homeownership rates, aggregate home equity and total mortgage debt "all hit new highs" in 2002.
For example, cash-out refinancing generated back ...
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