“Like the ghosts in the movie Poltergeist II, theyyyy’rrreee baaaccckkkk!  So notes this morning’s Wall Street Journal, cheerfully proclaiming:  ‘A rebound in house prices and near-record-low interest rates are prompting homeowners to borrow against their properties, marking the return of a practice that was all the rage before the financial crisis.’ The story goes on to note that home equity lending hit $59 billion last year, the highest level (excluding the housing bubble years) since 2000. The most popular product? A ‘HELOC’ or Home Equity Line of Credit.  The bad news? These are the kinds of products that helped blow up the entire banking industry.”

http://www.moneyandmarkets.com/home-equity-lending-back-really-61757

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