Items Tagged with 'HELOCs'

ARTICLES

  • 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 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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