According to HousingWire, millions of homeowners who took home equity lines of credit during the housing bubble just before the crash may be hit with a dramatic spike in their payments.
Numbers from RealtyTrac says that there are 3,262,036 HELOCs with an estimated total balance of $158 billion that originated during the housing price bubble between 2005 and 2008 that are still open and scheduled to reset between 2015 and 2018.
PB Topical Ref
