Volume 29 - Number 2
January 13, 2012
Downloads Available: Home-Equity Lending Activity - 3Q11
Downloads Available: Top Banks and Thrifts in Total HEL Business - 3Q11
Home-Equity Market Continued Shrinking In 2011; Big Banks Dominate the Market
The home-equity loan market declined further during the third quarter of 2011 as depository institutions reined in new production and their existing portfolios – in most cases – continued to wither. According to the Federal Reserve, the outstanding supply of home-equity loans – both closed-end second mortgages and lines of credit – fell to $887.5 billion as of the end of the third quarter. That was down 1.9 percent from the midway point in 2011 and off 21.5 percent from the HEL market’s all-time high of $1.131 trillion reached back in 2007. Most home-equity loans are held in portfolio by..(Includes two data charts)
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