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March 27, 2014

Home Equity Lending Has its Best Year Since 2009

By John Bancroft

The top three HEL lenders in the market – Wells Fargo, Bank of America and Chase – originated a combined $17.8 billion in home-equity loans last year, but they still saw a $32.1 billion decline in their total holdings of HELOCs and closed-end seconds.

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In 2016, what have you been paying your retail residential loan officers, on average, as a commission?

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