Closed-End Seconds Help Home-Equity Production to Solid Gains in Early 2006
June 15, 2006
A surge in closed-end second mortgage lending helped propel a rebound on home-equity lending during the first quarter of 2006, according to a new analysis by Inside Mortgage Finance. Revised data show a solid $100 billion of home-equity loan originations during the first three months of this year. While most of that origination volume was in new lending on revolving home-equity lines of credit – an estimated $62.5 billion during the first quarter – the… [One data table included]