Despite tappable equity approaching a new high, HELOC withdrawals saw their lowest total since Q1 2016, according to a report. Click through to learn why.
Read More »LenderClose Expands Sales Team with New Executive
As Sales Executive at LenderClose, Benjamin Dinkins will build relationships with credit unions and community banks for the lending technology firm.
Read More »The Evolution of Housing Wealth
What are the shifts in the distribution of housing wealth and how has it evolved after the Great Recession? A research by the New York Fed found some compelling answers.
Read More »Finding the Right Balance in Servicing Technology
Servicers and lenders must differentiate their digital offerings and create customer experiences that are in line with increasing technology standards. Here’s why.
Read More »Improving the HELOC Experience
Established relationships with lenders still play a crucial role for borrowers looking at home equity line of credit (HELOC) according to the latest U.S. Home Equity Line of Credit Satisfaction Study by research and rating firm J.D. Power. The study ...
Read More »Mortgage Delinquencies Up, Still Below 15-Year Averages
Two different reports show small increases in loan delinquencies in the back half of 2017, but the percentages remain comparatively low and bode well for the state of the economy in 2018. The American Bankers Association Consumer Credit Delinquency Bulletin ...
Read More »HELOC Rates Could Jump 75 Basis Points in 2018
For borrowers hoping to secure a home equity line of credit (HELOC) in 2018, sooner rather than later would be the best approach according to a new 2018 forecast by Bankrate. With the Fed recently increasing interest rates, Bankrate predicts ...
Read More »Home Equity: Funding Business
Having a business idea and not knowing how to fund it can be a daunting task, but there may be one option that entrepreneurs are forgetting about—drawing from home equity.
Read More »What’s a HELOC Again?
Though a standard industry term, many homeowners are scratching their heads when it comes to HELOCs. In fact, recent studies show that many homeowners don’t consider HELOCs because they simply aren’t aware of how they work. How can lenders better explain them in order for homeowners to take advantage of the opportunity?
Read More »Non-current Loans Lowest in 11 Years
Non-current inventory is at an 11-year low, falling below historical norms for the fourth consecutive month. The states with the highest percentage of non-current loans were largely in the South, including Mississippi, Louisiana, Alabama, New Jersey, and West Virginia. States with the lowest share were in the Midwest and Western U.S., including Idaho, Montana, Minnesota, North Dakota, and Colorado.
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