MBA recently completed its 2025 Home Equity Lending Study, tracking trends in origination and servicing for home equity lines of credit (HELOCs) and home equity loans. According to the study, total originations of open-end home equity lines of credit (HELOCs) and closed-end home equity loans increased in 2024 by 7.2% from the previous year when comparing originators that reported in both years. Total HELOC and home equity loan debt outstanding grew 10.3%.
Category: News and Trends
MCT: Refinance Volume Exceeds Expectations in August
Mortgage Capital Trading, San Diego, said its Lock Volume Indices report showed modest decline in overall activity in July. But refinance segments outperformed expectations despite continued uncertainty in the housing market.
Servicing Quote of the Week
“Eighteen months ago, we stepped up our efforts and asked the regulators, FHFA, CFPB and the FTC, to look into how their policies may be contributing to the costs of credit reports and scores spiking.”
–MBA President and CEO Bob Broeksmit, CMB
ATTOM: Home Sale Profits Increase in Q2
ATTOM, Irvine, Calif., released its Q2 U.S. Home Sales Report, finding that sellers made, on average, a 50% profit selling single-family homes and condos during the quarter.
FOMC Holds Interest Rates Steady; Read MBA Economist’s Analysis
The Federal Reserve’s Federal Open Market Committee held interest rates steady July 30.
Tapping Into Home Equity: MBA Q&A With BSI Financial Services’ Allen Price
MBA NewsLink recently interviewed Allen Price, senior vice president with BSI Financial Services, about how high rates, rising home equity and product innovation are reshaping the second-lien market and what that means for lenders, investors and servicers.
Bob Broeksmit’s Latest Blog Posts on Credit Score Modernization, VA Home Loan Program Reform Act
MBA President and CEO Bob Broeksmit, CMB, recently authored two new blogs commenting on industry happenings.
Jobs Up by 73,000 in July Amid May, June Revisions; Industry Economists Weigh In
Total nonfarm payroll employment increased by 73,000 in July and the unemployment rate stood at 4.2%, the U.S. Bureau of Labor Statistics reported Aug. 1.
Matic: Home Insurance Affordability Crisis Grows
The housing market face growing challenges as homeowners’ insurance affordability concerns and coverage limitations persist, according to Matic, Columbus, Ohio.
Chart of the Week: 2024 HMDA Respondents
A total of 4,758 companies reported lending activity under the Home Mortgage Disclosure Act (HMDA) in 2024, according to MBA’s analyses of the dataset.