Home Equity Loan Balances Fall Again in Q4 ’15
Banking Exchange, Apr. 15, 2016–Garber, Kate; Iyer, Venkatesh
Home equity loans and lines of credit declined on the balance sheets of the nation’s largest banks during the fourth quarter of 2015, as pay-downs of equity lines and balances outpaced new originations. “Large banks had been leading providers of HELOCs pre-crisis, so it is not surprising that they are seeing these trends to an even greater extent,” said Mike Fratantoni, chief economist with the Mortgage Bankers Association.
