Low Affordability Opens Window For Riskier Financing
A growing share of borrowers are over-leveraged as piggyback mortgages rise in popularity and necessity
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Tagged: Home Equity
Home Equity Reaches All-Time High In June
Latest ICE Report indicates new peak in tappable equity
Aug 05, 2024
Homeowner Equity On The Rise Again Across The U.S.
Nearly 50% of mortgaged residential properties in the U.S. were considered equity-rich during Q2 2024.
Aug 01, 2024
Home Equity Lending Volume Stays Relatively Flat In 2023
Total originations of open-ended HELOCs and closed-end home equity loans increased in 2023 by 1.5% compared to 2022.
Rocket Pro TPO Waiving Fee Associated With Home Equity Loans
The lender is now waiving the $795 origination fee on Home Equity Loans from July 15 to August 18.
California, New Jersey, Illinois Deemed Most At-Risk Markets
Those three states had 34 of the 50 counties around the U.S. considered most vulnerable to declines.
Jun 13, 2024
Figure Launches TBA Market For Non-Agency Loans
Currently handling only HELOCs, Figure Connect has new products coming soon, says Chief Capital Officer.
Share Of Homes With Negative Equity Falls 16% Annually In First Quarter
Homeowners with mortgages, which account for roughly 63% of all properties, collectively gained $1.5 trillion in equity since the first quarter of 2023, an average increase of $28,000 per borrower.
Jun 07, 2024
Home Equity Falls Slightly From Last Quarter
ATTOM's Home Equity & Underwater Report shows the number of severely underwater homes slightly increased
Number Of Millionaire Households Quadruples In Five Years
New research by Point2 finds a 446% jump in households earning seven-figure salaries.
May 07, 2024