Home Equity Lending

Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2024 by 7.2 percent from the previous year when comparing originators that reported in both years. Total HELOC and home equity loan debt outstanding grew 10.3 percent. This is according to the Mortgage Bankers Association’s (MBA) 2025 Home Equity Lending Study.

Unison Mortgage Corporation, a Unison company, launched its Equity Sharing Home Loan in California. Unison’s Equity Sharing Home Loan delivers unmatched affordability for homeowners feeling the squeeze of today’s economic pressures.

MISMO ®, the real estate finance industry’s standards organization, today announced that it is seeking public comment on the  SMART Doc® V3 eHELOC Specification.

ATTOM released its first quarter 2025 U.S. Home Equity & Underwater Report, which shows that 46.2 percent of mortgaged residential properties in the country were considered equity-rich in the first quarter, meaning the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value.

BSI Financial Services, a national mortgage fintech platform, has launched a specialized Home Equity Line of Credit (HELOC) subservicing solution designed to address critical inefficiencies in the HELOC servicing market.

Intercontinental Exchange, Inc., a launched a new integration between Servicing Digital, the company’s web- and mobile-native consumer engagement app, and its Validate property valuation tool. The integration gives servicers’ customers a current estimate of how much tappable equity they have in their homes, and the ability to proactively complete a self-guided valuation of their property.

Home Equity Lending News LLC (HELN) has released the Q3 Home Equity Study sponsored by Curinos. The 45-page report found that loan originations increased and capital markets strengthened during the third quarter, while the outlook is positive.

Sparrow Mortgage, a mortgage broker operating in Florida, Georgia, Massachusetts, North Carolina, and South Carolina, has partnered with Calque to provide The Trade-In Mortgage. Together, they now offer a lending option that allows borrowers to use home equity to purchase a new property before selling their current one.

Mortgage Trust, a boutique mortgage broker based in Oregon, has teamed up with Calque to introduce The Trade-In Mortgage™ to their clients around the country. This innovative loan program allows homeowners to utilize the equity in their existing property to buy a new home before selling their current one.

Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2023 by 1.5 percent compared to the previous year, while debt outstanding increased 8.3 percent. This is according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending Study.