Items Tagged with 'HELOCs'

ARTICLES

  • Home equity withdrawals fall to new low

    Homeowners tapped just 1% of available equity in Q1
    After declining for two consecutive quarters, tappable equity rose in the first quarter of the year, but it appears homeowners are still reluctant to touch it. According to the latest report from Black Knight, homeowners tapped just 1% of available equity in Q1 – the lowest share since it began tracking the metric in 2008.
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  • Cerberus issues $174 million of debt secured by home equity lines of credit

    They're baaaaack, and rated triple-A
    A unit of Cerberus Capital Management last week issued $174 million of debt secured entirely by home equity lines of credit, or HELOCs, according to The Wall Street Journal. It’s a type of mortgage bond that went extinct in the wake of the financial crisis after a reversal in home prices made older versions worth pennies on the dollar.
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  • Older homeowners are spending big on home improvements

    Harvard study says aging homeowners will drive this market
    Home improvement spending continues to trend upward, with the latest data from Harvard’s Joint Center for Housing Studies putting the aggregate total at a new high of $424 billion. The home improvement sector can thank the Baby Boomers for that, as research shows older homeowners are spending big on home renovations and aren't expected to slow down anytime soon.
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  • Why aren't more people tapping into their home equity?

    Homeowners have record amounts of housing wealth, so why are they so reluctant to use it?
    Homeowners have a nice stockpile of pent-up wealth in their homes and home prices continue to appreciate. And, it seems that every quarter a new startup emerges promising to disrupt the home equity space by giving homeowners a better, faster, cheaper or even debt-free way to tap into the wealth in their homes. And yet, so many Americans appear to be reluctant to take this route. What gives? We talked to a number of experts for their take.
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  • Average homeowner gained $9,700 in equity in 1 year

    Will this translate to demand for home equity loans?
    Homeowners keep racking up equity, with the average gain totaling $9,700 over the past year. According to the latest report from CoreLogic, this equates to an 8.1% increase year over year and represents an aggregate gain of $678.4 billion since Q4 2017. Could this mean big volume for home equity loans as interest rates slide?
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  • From HW Magazine

    HOT or NOT February: What is trending in housing right now?

    Government shutdowns are on the rise
    Government shutdowns are increasing - happened three times in 2018. But HELOCs are down. After soaring to a near 10-year high, HELOC originations took an unexpected tumble in the third quarter of 2018, falling 14% from the previous quarter and 11% from the year before.
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  • BofA: Home equity lending will be flat in 2019

    Here's why
    Some market analysts have predicted a pending boom in home equity lending, while others are not so sure. Bank of America sits firmly in the latter group. "There’s a case for it, and there’s a case against it," said SVP of Consumer Lending David Doyle, enumerating the reasons why "we do not predict it will explode."
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  • From HW Magazine

    HOT or NOT August: What's trending in housing right now

    Cybersecurity, stress tests, Mick Mulvaney and more make the list
    Companies should keep an eye on these three cybersecurity trends, plus more homeowners are cashing in on equity and the Fed is considering eliminating the pass/fail score on bank stress tests. Read more inside!
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