HELOCs

Small-business owners will be given the option to tap into anywhere from $50,000 to $500,000 in financing.

The top five banks have a combined HELOC volume of more than $90 billion at the end of Q4 2024.

ACHM 2025-HE1 will repay notes using a pro-rata, sequential pay structure that must satisfy an overcollateralization test, and cumulative loss and delinquency triggers.

The company turned to automation to address pain points it found in working with lines of credit that mortgage lenders are increasingly originating.

Newrez's servicing arm approved an "obviously counterfeit" HELOC request from a bad actor totaling almost $500,000, a complaint claims.

Harvard University housing experts anticipate home improvement spending to rise in the next 12 months.

Against the backdrop of high interest rates and inflation, consumers have held off buying homes or pursuing bigger renovations that typically need financing. This pullback in spending has hurt Home Depot and other retailers, a reversal from the pandemic when people upgraded their houses. 

High borrowing costs led to fewer mortgage originations in the second quarter, according to the Federal Reserve Bank of New York's Quarterly Report on Household Debt and Credit released Tuesday.

Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.

Better's home equity loan product can be originated in a week or less, the company says.