Why it matters
The figures indicate more homeowners are taking out loans against their home equity. Borrowers and lenders are affected; the article does not explain the reasons for the increase or its effect on household finances.
This event has left the current brief. The summary below describes the stored record; open the original sources for current conditions.
Home equity originations rose 10.1% year over year to 757,000 in the second quarter, while home equity line of credit originations increased 20.3%, according to TransUnion figures cited by National Mortgage News.
HOW THIS BRIEF WAS MADE 1 outlet: 1 trade press. Automated sourcing and summaries by the BLUF engine. Corrections
The figures indicate more homeowners are taking out loans against their home equity. Borrowers and lenders are affected; the article does not explain the reasons for the increase or its effect on household finances.