In The News

Home Equity LendingIn The News

MBA Home Equity Study Shows Increase In Originations, Debt Outstanding In 2024, Lender Expectations For 2025 And 2026 Indicate Even Higher Growth

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.

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Execs On The MoveIn The News

Friday Harbor Names New Heads Of Product, Strategic Partnerships

Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, announced two strategic hires: Chris Simms has joined as head of strategic partnerships, and Gregory Buehler has joined as founding product manager. They bring over 35 years of combined experience in mortgage lending, product strategy and technology innovation.

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delinquencyIn The News

Delinquencies Trend Slightly Higher In June As Foreclosure Activity Continues To Rise Off Pandemic-Era Lows

ICE Mortgage Technology, neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), released its June 2025 ICE First Look, which shows that while overall mortgage payment performance remains strong, delinquencies rose on a monthly basis while foreclosures trended notably higher year over year (YoY).

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