While the overall risk of widespread HELOC default isn't a concern, individual lenders could face credit risk on their balance sheets.
While the Urban Institute calls the statistic alarming, it says the ratio is not a new trend.
CUSO cites fewer repossessions in its decision to discontinue division.
View six charts that show the latest auto lending statistics.
Credit unions that are being approached for credit from members who have a mortgage default in their history might take some comfort from a new study from TransUnion, one of the three major credit reporting firms in the U.S.
Fico Labs analytics chief says work progressing on identifying people with good credit scores but at risk of walking away from mortgages.
FICO says it has found method for spotting homeowners more likely to default despite their good credit scores.