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While loan consolidation is a priority for many who consider home-equity products, a third of those with other debts aren't comfortable taking out a second lien on their homes.
October 14 -
In the face of a growing number in home-equity products, HECM endorsements dropped nationwide by over 43% on a monthly basis to its lowest point in more than two years.
October 4 -
Also, the percentage of loan-to-value ratios in all buckets above 50% shrunk between the first and second quarter, according to a new CoreLogic report on homeowner equity.
September 12 -
The software for lenders is a bright spot for the fintech, which is reeling from a difficult second quarter in which it recorded a heavy loss due to an assessment of its title business.
August 26 -
Both bank and nonbanks are starting in — or returning to — this segment as they look to make up for declining originations. But there are a few key issues to consider before taking on the new line of business.
August 22 -
Even with the cooling housing market, the percentage of equity-rich properties will keep increasing.
August 5 -
Several lenders have introduced loan offerings this year to tap into surging property values, as refinances plunge by more than 80%.
August 1 -
But knowledge of HELOCs and HECMs is higher among Gen Z and millennials than boomers.
July 26 -
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New home equity conversion mortgage endorsements slowed in April, but remained almost 50% higher than the level from one year ago.
June 22