In California at least, credit unions have begun to see revived demand for home equity loans and lines of credit, according to credit union and real estate executives.
Where home prices are higher and have bounced back more quickly, these credit unions have begun to see increasing demand for the financial vehicles that allow home owners to tap into that recovery.
Demand for the products largely dried up during the downturn as homeowners saw thousands of dollars in equity vanish and many homeowners found themselves underwater in their mortgages.
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