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» Home-Equity Lending Declines in First Quarter, Unused HELOC Commitments Increase
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Home-Equity Lending Declines in First Quarter, Unused HELOC Commitments Increase
June 10, 2016
John Bancroft
New home-equity originations on home-equity lines of credit and closed-end second mortgages fell by 6.3 percent from the fourth quarter to an estimated $45.0 billion. However, that was up 18.4 percent from the first quarter of last year.
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