HSH on the Radio
On Monday, HSH VP Keith Gumbinger was the guest on Chicago’s WBBM Noon Business Hour. Mr. Gumbinger joined ‘Business Hour’s’ hosts Sherman Kaplan and Regine Schlesinger to talk about the current conditions in the home equity lending market.
Schlesinger led off the discussion by asking our VP if there’s more to the home equity lending problem than just falling home prices. “That’s kind of the linchpin for all the issues facing home equity lending we’ve seen,” said Gumbinger. Declining prices have wiped out the value of many homes, effectively erasing equity for some, while causing others to go underwater.
