Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2023 by 1.5% compared to the previous year, while debt outstandings increased 8.3%.
Tag: HELOC
When Unlocking the Potential of Home Equity, Understanding the Servicing Nuances is Key–Anna Krogh From Dovenmuehle
While traditionally dominated by depositories, independent mortgage bankers are now entering the Home Equity Lines of Credit market, marking a notable shift in the industry.
Dovenmuehle’s Anna Krogh: When Unlocking the Potential of Home Equity, Understanding the Servicing Nuances is Key
While traditionally dominated by depositories, independent mortgage bankers are now entering the Home Equity Lines of Credit market, marking a notable shift in the industry.
Anna Krogh From Dovenmuehle: When Unlocking the Potential of Home Equity, Understanding the Servicing Nuances is Key
While traditionally dominated by depositories, independent mortgage bankers are now entering the Home Equity Lines of Credit market, marking a notable shift in the industry.
Tavant’s Hassan Rashid on Unlocking Home Equity: A Strategic Move for 2024
As we make strides into 2024, American homeowners find themselves amidst an intriguing landscape of financial opportunities, particularly concerning the utilization of home equity.
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.
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.
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.
MBA Advocacy Update Aug. 10, 2020
As congressional leaders and the administration remain deadlocked in negotiations on the next potential COVID-19 relief package, MBA’s advocacy on key federal regulatory and state-based actions has continued.
MBA: Home Equity Lending Growth Hindered by Alternative Products and COVID-19
Home equity loan debt outstanding and borrower utilization rates declined in 2019 and mortgage lenders anticipate originations to fall again this year before increasing modestly in 2021, the Mortgage Bankers Association reported.