Volume 28 - Number 25
June 23, 2011
Downloads Available: Home-Equity Lending Activity - 1Q11
Downloads Available: Top Banks and Thrifts in Total HEL Business - 1Q11
Home-Equity Lending Continued to Decline in Early 2011, But Market May Be Turning Around
The volume of home-equity loans outstanding dropped to its lowest level since 2005 and new production continued to slow in early 2011, but there are some signs that the HEL market may be touching bottom. The Federal Reserve reported that $925.3 billion of home-equity lines of credit and closed-end second mortgages were outstanding as of the end of March, down 2.6 percent from the fourth quarter. That was the lowest outstanding balance of home-equity loans since the fourth quarter of 2005. New HEL originations fell...[Includes two data charts]
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