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Foreclosure crisis won’t end for this US state

Florida’s foreclosure crisis just won’t end. More than six years after subprime lending and overbuilding led to the worst U.S. real estate slump, the state had the biggest increase in home seizures last year, and the highest foreclosure rate, RealtyTrac Inc. said.

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The HELOC dam is opening. Are you ready? 

U.S. homeowners are using HELOCs to access trillions in home equity amid rising interest rates. Mortgage originators should explore this area with innovative financing solutions like bank statement HELOCs.

3d rendering of a row of luxury townhouses along a street

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