“Nearly 11 million borrowers are underwater on their mortgages, owing more than their homes are worth, according to CoreLogic, and yet home equity lines of credit are suddenly on the rise again.  Blackwell pointed to increased consumer confidence, meaning borrowers now feel better about their ability to repay these loans. Both factors fueled a 19 percent jump in originations of home equity lines of credit at the end of last year, according to Equifax. In 2008, as housing was crashing, home equity line originations dropped 55 percent.  With home prices up 8 percent year-over-year in December, homeowners are regaining home equity at a fast clip.”

http://www.businessinsider.com/americans-are-tapping-home-equity-again-2013-2

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