Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'HELOC'

ARTICLES

Freddie Mac: Homeowner demand for home equity loans doubles

Refinance volume falls sharply
Brena Swanson
"While the share of borrowers that cashed-out some equity has increased considerably over the past year, the refinance volume has also fallen sharply," said Frank Nothaft, Freddie Mac vice president and chief economist.
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7 recommendations for CFPB to improve HMDA

Better measurements needed for home loans, mods, affordable housing
Trey Garrison
More than 40 California organizations join with the California Reinvestment Coalition in calling on the Consumer Financial Protection Bureau to strengthen the Home Mortgage Disclosure Act through greater transparency.
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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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