After six years of declines, Moody’s Corp. forecasts that lending for home equity lines of credit will rise 30 percent to $79.6 billion this year — the highest level since the start of the financial crisis four years ago. Meanwhile, Moody’s projects that originations in 2013 will jump another 31 percent to $104 billion. The Mortgage Bankers Association notes that the amount of equity homeowners had in the second quarter increased by $406 billion to $7.3 trillion — the highest level since 2007. | Read More
Recent Posts
- DOJ gets its way in buyer broker compensation suit
- Opinion: Why agents are more essential than ever
- Truework and Revvin partner to enhance income verification services for point-of-sale systems
- DataDigest: New data shows how brokerages, agents, landlords & homebuilders were reshaped by the pandemic
- Mortgage applications slump after rates surge to 23-year high
Archives
Categories
- Decor (1,395)
- Energy Saving Tips (15)
- Green Design (22)
- Greening Tips (1,378)
- Home Improvement (2,349)
- Home Remodeling (16)
- Home Security (10)
- Homeowners News (1,265)
- Homeowners News;Top Story (3)
- Housing and Mortgage Trends (1,658)
- Insurance (1)
- Maintenance and Repair (10)
- Safety (4)
- Smart Home Tech (1,118)
- Top Story (106)