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Home » Store » Originations » Home-Equity Lending Up Solidly in 2015, But Outstanding Balances Continued to Dwindle

Home-Equity Lending Up Solidly in 2015, But Outstanding Balances Continued to Dwindle

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Mortgage lenders posted a sizable increase in home-equity loan originations last year, but the overall market fell to its lowest level since 2004. A new Inside Mortgage Finance analysis and ranking shows an estimated $182.6 billion in home-equity lending last year, mostly through home-equity lines of credit and, to a lesser extent, closed-end second mortgages. That was up 19.1 percent from a revised estimate of $153.3 billion back in 2014, somewhat slower than the 33.5 percent increase in first-lien originations in 2015. Home-equity originations declined...[Includes three data tables]
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