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https://www.marketwatch.com/story/lax-standards-for-home-equity-lines-of-credit-repeat-bubble-era-madness-2019-05-06

This was a particularly powerful takeaway for me on where we're at:

"Since non-bank lenders don't take deposits, they are forced to use lines of credit obtained from banks to provide funding for their loans. In a housing downturn or liquidity crunch, the banks could pull the line of credit and essentially put the non-banker lender — large or small — out of business."



Submitted May 06, 2019 at 10:50AM by OfficialHavik http://bit.ly/2ZZD0pe

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