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Home » Store » News » Home-Equity Market Still in the Doldrums as Delinquencies Edged Higher in Third Quarter

Home-Equity Market Still in the Doldrums as Delinquencies Edged Higher in Third Quarter

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Major home-equity lenders continued to show little interest in the sector during the third quarter of 2012, despite signs of strengthening home values, according to a new Inside Mortgage Finance market analysis and ranking. New originations of home-equity loans – including closed-end seconds and home-equity lines of credit – remained at a sluggish $14.0 billion in the third quarter, unchanged from the previous period. The HEL market in 2012 has rebounded about 5.3 percent from the pace set during the first nine months of 2011. The uptick in new HEL originations has not been...[Includes three data charts]
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