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Triage for Dormant HELOC Accounts

A recent Novantas national survey indicates that roughly one of every five HELOC accounts may be sitting idle. What are the options? After years of recession-driven contraction, home equity lenders are finally enjoying robust line origination growth. But progress is being compromised by an ongoing accumulation of dormant accounts, with utilization ranging from low to none. While lender specifics vary, a recent Novantas national survey indicates that roughly one of every five HELOC accounts may ...

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