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Since the passage of 1986 tax reform legislation, home equity loans have become increasingly popular.
That is somewhat below the peak of just over $1 trillion worth of loans originated in 1993, but the record year had been strongly influenced by a wave of refinancings as mortgage rates dipped to their lowest point in years.
"In Brief: Associates 1st Reports 22 percent Rise in 3Q Profits." American Banker, 13 October 1999.
Washington, D.C.: Bond Market Association, 30 June 2002.
What most forecasters did not predict were the record low interest rates that the prolonged economic downturn fostered in 2002.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| San Diego Funding | - | $4.0M | 42 | - |
| Franklin Loan Center | 1989 | $10.0M | 150 | - |
| Direct Mortgage, Inc. | - | $8.1M | 50 | 2 |
| Pacific Coast Mortgage, Inc. | 1994 | $16.0M | 50 | - |
| The Lending Company | 1995 | $8.5M | 150 | 12 |
| Equity Plus Mortgage Inc | - | $160,000 | 5 | - |
| Intermountain Mortgage | 1992 | $15.0M | 50 | - |
| Alternative Mortgage Funding | - | $570,000 | 5 | - |
| Liberty Mortgage Group | - | $1.2M | 27 | - |
| Equitable Mortgage | - | $1.2M | 50 | - |
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