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The Worst HELOC Bond: Over 80% of Borrowers Default
It’s no secret that bonds backed by HELOCs have been experiencing issues. But, one bond has done particularly poorly - so poorly that 81 of every 100 borrowers are expected to default on their loans. Portfolio.com explains: “…It’s not uncommon for bonds backed by home-equity lines to have recovery rates of zero when there is a [...] [...more]