HELOC

S&P: CES Securitizations Flat, HELOCs Soar in First Quarter of 2007 

Standard & Poor’s issued a new report yesterday that looked at securitization trends in the closed-end, second-lien (CES; read: primarily subprime) and the home equity line of credit (HELOC) markets — one is soaring, while the other is wilting under the subprime credit crunch. From the S&P press release: