BRIEF MARKET CORRECTIONS ARE NOT BURSTING BUBBLES:

If you have a pressing need to raise some cash, here's some good news: Rising home values are encouraging lenders to revive a product that imploded during the housing bust years -- second mortgages.

Researchers at Equifax, one of the three national credit bureaus, say total outstanding balances of second home mortgages at banks rose in the latest month for the first time in nearly five years. Though the blip was relatively small -- about three-tenths of a percent -- analysts say any increase in the amount of second mortgages is a bellwether event, indicating that major lenders are showing growing confidence that the real estate market has finally made the turn to recovery. The Federal Reserve recently reported that American homeowners' equity stakes rose $406 billion in the second quarter, a 5.9% increase over the previous quarter and the highest it has been since 2008.

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