Some Observations on the Second Lien Problem By Matt Stoller, Naked Capitalism, April 12, 2012 Over the past three years, the big four servicers have been keeping hundreds of billions of dollars of second mortgages on their books (mostly in the form of Home Equity Lines of Credit, or HELOCs). Many of...
Second Mortgages Vex Borrowers April 12, 2010, Wall Street Journal After losing her condo in San Diego to foreclosure last year, Charissa Kolich thought that at least she was free of mortgage bills. But Wells Fargo & Co., which holds a home-equity loan made five years ago to Ms. Kolich, last month...