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Items Tagged with 'HELOC'

ARTICLES

Not all lenders think HELOCs are the next bubble

Rates set to reset, HELOC demand on the rise
Brena Swanson
As the wave of resets for home equity lines of credit continues to rise, many homeowners are left with higher monthly mortgage payments. But the industry is divided on the past and future problems that come with HELOCs.
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Credit nation? HELOCs up 20.6% year-over-year

Highest level of home equity loans since June 2009
Trey Garrison
A total of 797,865 home equity lines of credit were originated nationwide, up 20.6% from a year ago and the highest level since the 12 months ending June 2009, according to RealtyTrac.
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Are HELOCs the next big home credit product?

Borrower and investor demand rising
Brena Swanson
With the housing market recovering and home prices steadily increasing, one mortgage product is looking more and more appealing to borrowers. And the demand might not stop there, with investors hoping to jump on the bandwagon too.
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Regulators caution on potential home equity loan defaults

Brena Swanson
U.S. regulators warned banks to work with clients to avoid defaults on hundreds of billions of dollars of home equity lines of credit taken out during the financial crisis that will be due soon.
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Is the HELOC-backed RMBS coming back?

Banks looking for new ways to offer HELOC securitizations
Ben Lane
According to a Reuters report from earlier this month, originators are working to determine if HELOC securitizations are viable in today’s market.
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Wells Fargo redesigns HELOCs to save borrowers

Brena Swanson
Switching things up quite a bit, Wells Fargo announced it is revamping how it provides home equity lines of credit in an effort to prevent future payment shock issues.
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Americans ready to spend money...especially on housing

32% of people looking to buy a home in the next two years
Brena Swanson
Americans are becoming more optimistic about buying a home, with 67% of people saying they plan on purchasing a home, and of that amount, 32% are looking to buy within the next two years.
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Freddie Mac: Borrowers save more than $1 billion

Brena Swanson
Borrowers will save on net more than $1 billion in interest payments over the coming year as they continue to shorten their payment terms and build equity in their homes, Freddie Mac said.
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Bond investors demand more second lien and HELOC deals

Supply too thin in secondary market
Jacob Gaffney
MountainView Capital is reporting that investors want more secondary deals involving home equity lines of credit and other second lien mortgages. And they say they have the stats to prove it.
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Is the next wave of mortgage trouble about to reset?

Springboard: Nearly half of all HELOCs will reset in next few years
Trey Garrison
Springboard Nonprofit Consumer Credit Management, Inc. is expanding services available for home-loan borrowers who need help with recent or upcoming increases on their Home Equity Line of Credit or second mortgage payments.
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