Tag Archives: HELOCs

Because it requires a detailed strategy and high level of expertise to create a lean organization, the Greenfield Playbook can guide a mortgage servcier to formulating a cost-effective operation through digital technology.

Sagent’s Dan Sogorka looks at modernizing servicing technology and plotting out a new infrastructure to keep ahead of where consumer finance and capital markets are headed (Sponsored Content).

With the Fed keeping interest rates unchanged for now, here’s how a potential rate hike can affect the housing market and the economy.

From business expansion to exploring the value of artificial intelligence to make mortgage servicing more cost-effective, Steven Frie, Director Structured Finance at S&P Global Ratings shares his views on the trends that are shaping the industry.

Mortgage debt makes up a noticeably smaller share of total consumer debt than it did a decade ago, according to the latest Equifax National Consumer Credit Trends Report, covering data for March 2018. According to the Equifax report, mortgage debt ...

The meeting of the Federal Open Market Committee (FOMC)—the policy-making arm of the Federal Reserve begins today. This is also the first time that the meeting is being led by Jerome Powell the new Chairman of the Federal Reserve Board. ...

New data released on Tuesday has projected this year’s numbers for consumers opening new home equity lines of credit. Read on to find out what trends the data reports— and see what characteristics consumers who pursue HELOCs share.

In the first quarter of 2016, consumers appear to be demonstrating strong repayment practices, while taking advantage of continued low-rate environment, according to data from the April 2016 Equifax National Consumer Credit Trends Report.

As typical mortgage originations falter and fade to black and refinances continue to go untapped, lenders are gearing up for the next big thing among mortgage loans: home equity lines of credit (HELOCs).

"Despite the continuing rise in overall subprime originations, banks are still greatly limiting their high-risk exposure," Cutts said. "The credit score of the borrower at the 10th percentile of newly originated first mortgages today is 650. For HELOCs, it's 700."