Originations of open-ended Home Equity Lines of Credit and closed-end home equity loans increased 50% in 2022 compared to two years earlier. This is according to the Mortgage Bankers Association’s Home Equity Lending Study, released for the first time since 2020.
Category: News and Trends
Boxwood Means Finds Promising Results for Small-Cap Retail in Q2
Boxwood Means, Stamford, Conn., found small-cap retail in Q2 flourished, per an analysis of CoStar occupancy data involving small retail buildings under 50,000 square feet.
MBA Weekly Survey July 26: Mortgage Applications Decrease
Mortgage applications decreased 1.8 percent from one week earlier, per the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 21, 2023.
FHFA Finds House Prices Up 0.7% in May; 2.8% from Last Year
U.S. house prices rose in May, up 0.7 percent from April, the Federal Housing Finance Agency’s seasonally adjusted monthly House Price Index reported.
MISMO Releases Final Data Governance, Management Program Implementation Resource Package
MISMO, the real estate finance industry’s standards organization, published the Data Governance and Management Program Implementation Resource Package, which includes a series of templates, guides and educational resources that can be used to establish a Data Governance and Management program within an organization.
MISMO Fall Summit in D.C. Sept. 18-21
The MISMO Fall Summit takes place Sept. 18-21.
Aug. 24: Current Expected Credit Losses (CECL) Updates
Current Expected Credit Losses (CECL) is designed to reduce volatility for banks and deliver predictable and consistent returns for investors. With the variation of adoption dates, some as early as …
Tavant’s Shannon Johnson on Rethinking HELOCs: Embracing Innovation in the Evolving Mortgage Industry
The mortgage industry has witnessed significant changes in recent years, challenging lenders and servicers to adapt to new market dynamics. As interest rates shifted, offering unique opportunities and posing new challenges, the home equity line of credit has emerged as a thought-provoking tool in the mortgage space.
FHFA Finds House Prices Up 0.7% in May; 2.8% from Last Year
U.S. house prices rose in May, up 0.7 percent from April, the Federal Housing Finance Agency’s seasonally adjusted monthly House Price Index reported.
Mark P. Dangelo: In an AI Reimagined Financial World, It Begins with the Consumer (Part 4)
Absolutely and unequivocally the answer is AI—regardless of the technology, organizational capability, or innovation question being asked.