ATLANTA -- A new study has found "significant changes" in the home equity lending market that may affect credit union decisions during 2007.
The findings are part of the Consumer Bankers Association's 20th annual Home Equity Lending Study, which seeks to document the "growth, changing characteristics and use of home equity open-end lines (revolving credit) and home equity closed-end loans."
"Changing interest rates and a shift in the respondent pool contributed to significant changes in this year's findings compared to the 2005 study," the study's authors stated. "Overall, new home equity account bookings were down nearly 5%, with new line account …
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