A “perfect storm” is paving the way for growth in home equity investment contracts, with originations and secondary market activity both on the upswing for the emerging asset class, industry leaders said this week. Tailwinds behind the product gives reason for optimism, according to Mark Ginsberg, an expert in securitized products originations at Barclays Investment […]
Home equity investment products set to soar, experts say Read More »
In the race to capture home equity line of credit customers, non-bank lenders say they have plenty to offer compared to their larger competitors. All mortgage players are staring at a lucrative HELOC opportunity in the next two years with soaring equity alongside stale mortgage rates and rising consumer debt. While homeowners who secured ultra-low
Banks vs IMBs: who wins the HELOC war? Read More »
Forged checks, false occupancy claims and scams on senior citizens are among the schemes lenders should be aware of as growing interest in home equity lending catches the attention of fraudsters. While home equity lines of credit have been available for decades, the rapid acceleration of mortgage rates over the past three years is raising
What fraud risks do HELOCs pose? Read More »
Nondepository origination of home equity products has been growing as traditional mortgage opportunities have waned, leading to increased reliance on secondary market buyers whose interest may vary over time. And while investors’ collective involvement has generally kept pace with increased production as lenders have originated more second liens, volatility in broader markets has led to
How the secondary market is shaping home equity strategies Read More »
Home equity lending hasn’t been this hot in almost two decades. Second-lien equity withdrawals approached 2008 levels in the recent first quarter, according to Intercontinental Exchange. Homeowners grabbed nearly $25 billion in home equity lines of credit, while overall first quarter equity withdrawals, including cash-out refinances, totaled $45 billion. Introductory rates on second-lien HELOCs fell
Home equity lending is flourishing as HELOC rates fall Read More »
With tappable home equity near historic highs and a preference among a majority of baby boomers to remain in their homes, several reverse mortgage lenders have recently launched products to capture the greater opportunity in this part of the market. Demographic trends suggest a market primed for growth and current interest rate levels also make
New proprietary reverse mortgages hit the market this spring Read More »
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