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Tag Archives: HELOC

As Originations Decline, Consumer Interest in HELOCs Inches Upward

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.”

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Average Homeowner Equity Exceeds $233K

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 ...

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Homeowner Debt and HELOCS

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.

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Issues Impacting the Home Equity Market

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?

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