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Why is it important to use the new regulatory report to study households' use of HELOC? Question 2 options: The new regulatory report is the
Why is it important to use the new regulatory report to study households' use of HELOC? Question 2 options: The new regulatory report is the first set of data available for estimating aggregate housing credit demand. It sheds light on the vulnerability of the housing market. The new regulatory report also contain information on households' purpose of using the funds drawn from HELOC. It helps us further understand household spending. It demonstrates that once the components of the combined mortgage-HELOC plans are disentangled, HELOC balances contracted over the past year while mortgages grew. It shows that households were continuing to borrow against the value of their homes even as borrowing conditions tightened
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