Posted To: MND NewsWire
In a new white paper titled Home Equity Lending Landscape , CoreLogic says that in the recent past homeowners who wanted to tap the equity in their homes might have looked to a cash-out refinance. The housing crash and the record low interest rates that followed have perhaps modified that behavior. "After years of being out of favor," the company says, " home equity lending is making a comeback ." For the past two year home equity loans (HEL) and home equity lines of credit ( HELOC ) originations have been growing as homeowners reclaimed equity in their homes and lenders regained confidence in the market. In the last three quarters of 2015 there were 976,000 new HELOCs put in place with combined limits of $115.8 billion; both numbers the highest for those quarters since 2008. The numbers were...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1S44C4s
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