Home equity line of credit

How come " Home equity line of credit" is the assets in the balance sheet? Please add some comments

Which of the following types of assets are least likely to be securitized as asset-backed securities (ABS)?

A) Auto loans. B) Home equity lines of credit. C) Insurance policies.

Your answer: B was incorrect. The correct answer was C) Insurance policies.

Insurance policies are not assets securitized in ABS structures. Home equity lines of credit and auto loans are often securitized.

Although HELOC’s are liabilities to the individual homeowner they are an asset to the other parties involved (bank, investors in the ABS). Essentially the same thing as a mortgage.

I’ve never seen insurance policies securitized