The Real Deal Miami

More borrowers fall behind on home equity loans 

August 15, 2008 08:24AM

A record level of borrowers are falling behind on their home equity loans. The percentage of people who have home equity loans more than 30 days past due is 55 percent above its average rate, and delinquencies are 45 percent higher. The value of outstanding home equity loans has grown to $1 trillion since the early 1980s.