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Tag Archives: HELOCs

Mortgage Write-Offs Hit a 9-Year Low

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.

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Economist: HELOC Reset Fears Overblown

As the mortgage market prepares for bubble-vintage home equity lines of credit (HELOCs) to come out of their draw period, multiple firms have issued warnings about the imminent wave of new HELOC problems. In a new blog post, however, CoreLogic deputy chief economist Sam Khater says the impact from HELOC resets will be more like a ripple.

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Revolving HELOC Volumes Hit Six-Year High

Credit reporting agency Equifax released on Monday its latest National Consumer Credit Trends Report, revealing that the total balance of new credit for revolving home equity loans in the year's first seven months was $65.9 billion. The figure, up 21.4 percent year-over-year, marks a six-year high.

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HELOC Lending Jumps 21% in 2014

Home equity lending made solid strides in the last year but still has a lot of ground to cover to return to pre-crisis levels, housing data firm RealtyTrac said in a new report Thursday. In its first-ever U.S. Home Equity Line of Credit (HELOC) Trends Report, the company revealed that lenders originated an estimated 797,865 HELOCs in the 12 months ending in June, up 20.6 percent from the prior period and the highest level since the year ending June 2009.

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IDS Reports Spike in HELOC Doc Volume

International Document Services, Inc. (IDS), a Utah-based mortgage document preparation vendor, reported a spike in home equity lines of credit (HELOCs) through the year's first three quarters.

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HELOC Lending Volumes Bound 27% in Q2

Experian estimates new mortgage origination volumes totaled $292 billion for the months of April through June, reflecting a 15 percent increase from a slow first quarter. Home equity lines of credit (HELOCs) led in gains for the quarter, totaling $35 billion—up 25 percent over the same period last year. Over the last 12 months, HELOC originations totaled $120 billion, marking a 27 percent increase from the prior period.

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Payment Shock Looms with 2.5M HELOCs Poised to Reset

Payment shock among holders of home equity lines of credit (HELOCs) is a growing concern as 2.5 million HELOCs are scheduled to reset over the next three years, according to the latest Mortgage Monitor Report from Black Knight Financial Services. In fact, the average HELOC holder faces a monthly payment increase of $250 sometime in the next three years as he or she reaches the end-of-draw period.

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Agencies Issue Guidance on End-of-Draw HELOCs

On Wednesday, four federal financial regulatory agencies and the Conference of State Bank Supervisors (CSBS) issued risk management guidelines for financial institutions that need to be aware of the challenges borrowers may face in paying off their home equity lines of credit after coming out of a recession.

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