Items Tagged with 'HOME EQUITY LINES OF CREDIT'

ARTICLES

  • Figure Technologies lands $1 billion blockchain investment to revolutionize HELOC lending

    Partnership with Jefferies and WSFS Institutional Services creates massive financing facility
    Blockchain lending startup Figure Technologies launched with a promise to disrupt home equity lending using cutting-edge technology, and it appears to be well on its way to achieving this mission. The company announced Thursday that it closed on an asset-based financing facility on blockchain of up to $1 billion alongside Jefferies and WSFS Institutional Services. CEO Mike Cagney said the facility "paves the way for the first securitization on chain, which will demonstrate the massive cost savings, risk reduction and liquidity benefits blockchain delivers."
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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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  • Blend looks to disrupt home equity lending

    Tech company launches software to shave weeks off home equity loan application process
    Digital lending company Blend has set its sights on the home equity market, announcing Tuesday plans to apply its tech expertise to home equity loans and lines of credit with a new app that promises to drastically reduce turn times. The move is a bet on rapid growth for the home equity market as home prices continue to rise. Blend said that as the purchase market weakens, home equity lending will be the next big opportunity.
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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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  • HELOC volume takes a tumble

    But expert says 2019 should see a rebound
    After soaring to a near 10-year high, HELOC originations took an unexpected tumble in the third quarter, falling 14% from the previous quarter and 11% from the year before. But one expert says volume should trend upward in 2019, as rising rates make HELOCs an attractive option for tapping home equity.
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  • Will 2019 bring a boom in home equity lending?

    Economists weigh in
    Certain dynamics shaping the market have led the occasional forecaster to predict a boom in home equity lending. Mortgage rates are rising, they say, prompting more to stay put and tap into their equity instead. So does this mean 2019 will see home equity lending soar? HousingWire asked three economists to weigh in, and here's what they had to say.
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