As touched upon in several past quarter issues of the Guarantor (see accompanying supplement), monoline bond insurers have been moving out of the home-equity sector over the past year. In fact, according to Thomson Financial, there were no monoline wrapped home-equity term deals in the third quarter, which was somewhat surprising to several long-time market analysts.

However, the current market's credit concerns and desire for liquidity is sparking a significant uptick in wrapped home-equity deals this quarter.

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