Items Tagged with 'HELOCs'

ARTICLES

  • 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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  • Black Knight: Tappable equity hits all-time high

    Now 10% above previous 2005 peak
    Tappable equity surged to its highest dollar amount on record, far surpassing its previous 2005 peak. Black Knight explained as home prices continued their upward trajectory at the national level, the amount of tappable equity available to homeowners with mortgages continued to rise as well.
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  • Mild winter gives spring home remodeling a head start

    NAHB says remodelers may struggle to meet rising demand
    A new report from NAHB shows remodeling is on the rise, getting an early start this spring after a mild winter. Many homebuyers are taking out HELOCs for remodeling purposes as the loan rises in popularity with the fall of refinances. However, experts explain there is one problem blocking the new trend.
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  • As home equity loans rise, here's the latest pulse on delinquencies

    Hint: The housing market is improving
    The market is starting to welcome home equity lines of credit back into the fold after a long hiatus stemming from the financial crisis. Given their growing prominence, a new report from the American Bankers Association’s Consumer Credit Delinquency Bulletin gives a current pulse on the health of home equity lines of credit by looking at delinquencies.
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  • CBA LIVE: HMDA compliance will be here faster than you think

    Advice on prepping HELOC loans for HMDA
    Even at an overview level, the new Home Mortgage Disclosure Act is intensive, as evidenced by the insights of two panelists at the Consumer Bankers Association’s CBA LIVE conference, who zeroed in on the new act’s impact on home equity lines of credit. Up until this point, there haven’t been any major changes to HELOCs.
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  • Millennials lead other generations in rising HELOC trend

    HELOCs expected to replace dwindling refis
    As interest rates rise, refinances continue to decrease, leaving an open gap in the market for home equity lines of credit to take the place. Interest rates are up from last year, but so are home prices, giving homeowners a new source of equity to tap into. Most surprising, however, was that Millennials hold the leading share of HELOCs.
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  • HELOCs increase for 17th consecutive quarter

    Total home loan originations still decrease
    Home equity lines of credit applications increased once again in the second quarter. The rising home prices are giving more equity to homeowners who are now looking at using it. The good news is more homeowners are using their HELOCs as a means of home improvement.
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