Home equity loans

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.

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.

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.

Even with the cooling housing market, the percentage of equity-rich properties will keep increasing.

Several lenders have introduced loan offerings this year to tap into surging property values, as refinances plunge by more than 80%.

But knowledge of HELOCs and HECMs is higher among Gen Z and millennials than boomers.

New home equity conversion mortgage endorsements slowed in April, but remained almost 50% higher than the level from one year ago.

Delays in closing the deal after it was announced in August resulted in the parties' decision to remain separate, although they will still work together.

Alternative financing startup Hometap says it increased its investments in the segment by more than threefold over the past year.