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.
Tag: HELOC
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.