Also, a coalition of states sent a letter to HUD urging action to protect seniors with Home Equity Conversion Mortgages.
Read More »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.
Read More »Are We Talking Ourselves Into a Recession?
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.
Read More »Charting Consumer Credit Trends
How have the overall consumer credit trends impacted HELOCs? Here’s what the latest Fed Report on revolving and nonrevolving credit had to say.
Read More »Ellie Mae Expands HELOC Functionality
Ellie Mae's expanded functionality offers additional automation capabilities for greater efficiencies in HELOCs for lenders.
Read More »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?
Read More »ComplianceEase Adds New Functionality for HELOCs
By adding state home equity license testing, ComplianceEase's new capabilities anticipate growth in home equity lending.
Read More »How are Owners Using Their Home Equity?
Consumers are using their home equity loans in multiple ways, according to a new report on home equity and the HELOC market. But these three reasons stand out.
Read More »Negative Equity Falls Across the U.S.
A new study has found that homeowners with negative equity, those who owe more on their mortgage than the value of their home, are decreasing. Here’s how rising home equity can support additional consumption spending and home improvement expenditures.
Read More »Fitch Assigns Additional Servicer Ratings for PHH
After being assigned an RPS3 rating as a residential primary servicer for its prime product in August, PHH was assigned additional servicer ratings by rating agency Fitch. Click through to learn which additional products and operations of PHH were rated and the outlook assigned to them.
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