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Tag Archives: HELOCs

Average New Mortgage Payments up 60% in Last Two Years

"The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that's before taxes and insurance are factored in." said Black Knight VP of Enterprise Research Andy Walden.

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U.S. Home Mortgage Lending Recovers in Q2

A new mortgage report from ATTOM revealed U.S. lenders issued approximately $494 billion worth of residential mortgages in Q2 of 2023, while total activity rose after eight straight quarterly declines to 21%.

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Demand for Renovations Drove Home Equity Lending Increases in 2022

“Home renovations and remodeling drove demand for home equity products in 2022, with roughly two-thirds of borrowers citing it as a reason for applying for a home equity loan. Other borrower reasons were for debt consolidation (25%) and emergency cash management or other (10%),” said Marina Walsh, CMB, MBA’s VP of Industry Analysis.

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The Emerging Trends in Mortgage Servicing

Steven Frie, Director, Structured Finance at S&P Global Ratings gives insights into what’s driving the servicing business and the lessons he’s learned in his various roles in financing for the housing and mortgage industry.

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