ATTOM, Irvine, Calif., released its Q1 Home Equity and Underwater Report, revealing that 46.2% of mortgaged residential properties were considered equity-rich in the first quarter.
Tag: Home Equity
Home Improvements Top Reason to Tap Home Equity, Bankrate Reports
More than half of current homeowners (55%) see home improvements or repairs as a good reason to access built-up home equity, according to Bankrate, New York.
Q&A with Lender Price’s Dawar Alimi: How Product Depth is Helping Lenders Drive Volume, Reduce Cost
MBA Newslink recently interviewed Dawar Alimi, CEO and Co-Founder of Lender Price, to discuss the significance of lenders having product depth to drive additional volume, how automation is driving cost reduction and overall efficiencies and the evolving role of technology in shaping mortgage lending.
Point Survey: 70% of Homeowners with Adjustable-Rate Mortgages Regret It
More than two-thirds of homeowners who have taken out an adjustable-rate mortgage in the past 10 years regret it, according to a new study from home equity investment platform Point, Palo Alto, Calif.
Quote: July 26, 2023
“Home renovations and remodeling drove demand for home equity products in 2022, with roughly two-thirds of borrowers citing it as a reason for applying for a home equity loan.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
CoreLogic Reports Borrowers See First Annual Home Equity Losses Since 2012
U.S. homeowners with mortgages saw their home equity decrease by 0.7% year-over-year–an average loss of $5,400 per borrower–according to CoreLogic, Irvine, Calif.
Scott Roller: Must-See Home Equity Vendor Solutions
In their cyclical fashion, most lenders are dusting off some antiquated home equity programs, most having spent no energy to prepare for this market opportunity. Given the past few years of overflowing refi pipelines, that is not surprising. Why plant corn if the market price for soybeans is breaking records? Conversely, multiple vendors have set themselves up to help lenders and credit unions successfully market, process, service and trade home equity loans and HELOCs.
Ken Flaherty of Curinos: Five Ways to Benefit from a Home Equity Comeback
Regardless of the reasons, the one thing that is clear is homeowners who took advantage of the historical low-rate mortgage environment should be prime targets for new home equity acquisitions.
Homeowner Equity ‘Surges’ During Second Quarter
ATTOM, Irvine, Calif., found 34.4 percent of mortgaged residential properties in the United States were considered “equity-rich” in the second quarter, up from 27.5 percent a year before.
Homeowner Equity ‘Surges’ During Second Quarter
ATTOM, Irvine, Calif., found 34.4 percent of mortgaged residential properties in the United States were considered “equity-rich” in the second quarter, up from 27.5 percent a year before.