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(Studio: Peter Jennings) Report introduced.
(NYC: Dan Cordtz) Risks involved in increasingly popular home equity loans examined; details given, scenes shown. David Lytle's loan and growth of The Loan Depot's business mentioned. Incr. in home equity credit lines since 1979 graphed on screen. [SMR Research president Stuart FELDSTEIN - notes loan industry's preference for home equity credit lines.] [Loan Depot president William CAMUTI - considers such credit lines too dangerous; explains.] Charlotte and Jeff Rankin's experience described. [Charlotte RANKIN - cites their dilemma.] [FELDSTEIN - notes relationship of prime lending rate to equity loans.]
- Cordtz, Dan;
- Jennings, Peter
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