Tag Archives: HELOC

Joe Mellman, SVP and Mortgage Business Leader at TransUnion, said, "Considering that homeowners had a cumulative total of $604 billion in non-mortgage debt, [HELOCs allow homeowners to] use their available home equity to pay off more expensive debt while keeping their existing low interest rate mortgage in place.”

Credit bureau TransUnion has released its second quarter Credit Industry Insights Report which highlighted how the number of consumers with credit cards and personal loans has reached record highs, driven by an increase in loans to non-prime consumers.  “Consumers are ...

Economists evaluate one of the top concerns for borrowers considering an equity loan and offer up methods for mitigating potential problems.

Also, a coalition of states sent a letter to HUD urging action to protect seniors with Home Equity Conversion Mortgages.

Personal loan volume increased threefold between 2011 2018, but according to a new report, U.S. homeowners have significant opportunity to use HELOCs to replace higher cost sources of credit.

In this Video Spotlight, Brent Beardall, CEO of Washington Federal discusses the health of housing and the strength of the consumer, with a focus on HELOCs and recession fears.

How have the overall consumer credit trends impacted HELOCs? Here’s what the latest Fed Report on revolving and nonrevolving credit had to say.

Ellie Mae's expanded functionality offers additional automation capabilities for greater efficiencies in HELOCs for lenders.

The factors that are drying up the conventional refinance and cash-out markets are also helping homeowners leverage their home equity through HELOCs and second-liens. What are these issues?

By adding state home equity license testing, ComplianceEase's new capabilities anticipate growth in home equity lending.