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Latest ICE Report indicates new peak in tappable equity
Nearly 50% of mortgaged residential properties in the U.S. were considered equity-rich during Q2 2024.
Total originations of open-ended HELOCs and closed-end home equity loans increased in 2023 by 1.5% compared to 2022.
The lender is now waiving the $795 origination fee on Home Equity Loans from July 15 to August 18.
Those three states had 34 of the 50 counties around the U.S. considered most vulnerable to declines.
Currently handling only HELOCs, Figure Connect has new products coming soon, says Chief Capital Officer.
