How AVMs can power property valuations for home equity lendingLenders can capitalize on the growing home equity market by using automated valuation models and digital property condition reports.
Terry Schmidt says Guild is seeing more interest in reverse mortgagesGuild Mortgage is expanding its reverse mortgage division, observing increased interest and a strategic focus on first-time homebuyers.
Large lenders have expanded their digital home equity optionsMortgage lenders are enhancing home equity lending accessibility with digital processes and new options for borrowers.
Tappable home equity reaches new high of $11.5 trillion: ICEHome prices exceed mortgage debt, raising equity to $17.6 trillion with $11.5 trillion tappable equity, affecting borrowing and lending.
Home equity lending flat in 2023 as outstanding debt increased: MBAHome equity lending volume grew modestly, but outstanding debt increased significantly due to a drop in the pull-through rate between applications and closings.