Items Tagged with 'HELOC'

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CBA LIVE: Your customers are ready for loan offers through your mobile app

But, are you ready to offer it?
The lending industry is now starting to take technology to the next level, moving from focusing on the user interface to advances in automation and analytics. Attendees gathered at the Consumer Bankers Association’s CBA LIVE conference to get the latest update on the current advances in technology. But in one session, panelists turned the questions toward the audience to see what they thought.
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Homeowners fuel HELOC boom as home prices soar

Home equity loans up 21% in past two years
Home equity lines of credit are on the rise as increasing home prices bring a wealth of equity back into homeowners’ hands. But experts explain why despite this increase, and a decrease in down payment percentage, lending is still much safer than the housing boom days.
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Tips on how to know if a HELOC is right for you

Home prices on the rise
Increasing home prices are old news, meaning more borrowers are starting to consider getting a home equity line of credit. For those borrowers debating if a HELOC is right for them, here are some suggestions on what to expect going into the process.
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Affordable mortgage rates? Loan originations fall to two-year low

RealtyTrac report shows first-quarter refinance originations down 20% from 2015
Despite the fact that mortgage interest rates routinely hovered around "historic" lows for much of the first quarter, loan originations fell to their lowest level in two years, according to a new report from RealtyTrac. What drove the decrease? Click through to find out.
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Is HELOC demand about to skyrocket?

Homeowners look to tap available equity
Demand for Home Equity Lines of Credit started to surge last year. And given the future increases in mortgage interest rates, a new report from Black Knight predicts that demand is only going to grow.
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Black Knight: Cash-out refis up 68% since 2Q 2014

Volume still 80% below 2005 levels
Cash-out refinances jumped 68% year-over-year from the second quarter of 2014 to the second quarter of 2015, as borrowers take advantage of still-low rates and newfound equity in their homes. Does that mean we're in pre-bubble territory?
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Are you ready for the next wave of home equity lending?

Go digital, or die
With mortgage rates, home values and consumer confidence all trending upward, consumers are once again tapping into their home equity. Lenders who want to capitalize on this trend must respond to changes in the home equity line of credit and home equity loan market, including demand for 24/7 digital lending options.
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Wells Fargo ordered to pay $4 million for HELOC violations

NYDFS investigation shows falsified mortgage loan origination files

Wells Fargo will pay a $4 million penalty after an investigation by the New York Department of Financial Services found that a former affiliate of the bank falsified mortgage loan origination files, made loans to customers that were secured by an interest in the borrower’s home, and committed other infractions in violation of New York State law.


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