New Experian data shows rising late-stage mortgage delinquencies are signaling emerging credit stress for originators, even as HELOC performance remains relatively stable
Refi and HELOC activity inched upward in Q3, as homeowners capitalized on modest rate improvements and tapped into equity, but affordability constraints are still keeping purchase demand subdued
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As more homeowners stay put, they are tapping into equity products to ensure stability and build financial confidence
55% said downsize the CFPB, 45% said don't, but survey comments revealed much more
Yet, ICE's report finds many homeowners remain historically reluctant to tap their home equity
Growth in servicing and products helps IMBs shine in 2024
Maxwell reported the share of HELOCs rose 31% quarterly and 61% year over year to comprise 3.88% of the second-quarter market.
Total originations of open-ended HELOCs and closed-end home equity loans increased in 2023 by 1.5% compared to 2022.