MISMO Creates Standard for Electronic HELOCs

MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the SMART Doc V3 eHELOC Specification.

TD Bank Survey: Homeowners Plan to Tap Into Equity for Renovations

TD Bank, Cherry Hill, N.J., released its HELOC Trend Watch survey, finding that 38% of homeowners who are renovating their properties within the next two years intend to use a home equity line of credit or home equity loan for funds.