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Tag: HELOC

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Steep Drop In Refinance Activity Drives Continued Slump In Mortgage Lending Across U.S. In Second Quarter

Steep Drop In Refinance Activity Drives Continued Slump In Mortgage Lending Across U.S. In Second Quarter

Refinance Lending Drops 36 Percent Quarterly, Outweighing Rise in Other Lending Activity; Total Loans Down Another 13 Percent, Continuing Year-Long Decline; Purchase Mortgages Up 8 Percent While Home-Equity Deals Increase 35 Percent  IRVINE, Calif. – Aug. 25, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property... Read More »
Top 10 U.S. Housing Markets with Highest Quarterly Increases in HELOC Lending

Top 10 U.S. Housing Markets with Highest Quarterly Increases in HELOC Lending

According to ATTOM’s Q1 2022 U.S. Residential Property Mortgage Origination Report, 2.71 million mortgages secured by residential property were originated in Q1 2022 in the U.S. – down 18 percent from Q4 2021, the largest quarterly decrease since 2017, and down 32 percent from Q1 2021, the biggest annual drop since 2014. The report noted that the... Read More »