Home-Equity Lending Continues Booming in 2006, With Strongest Growth Coming in Closed-End Junior Liens
September 28, 2006
Mortgage lenders continued to find an expanding market in second lien, home-equity loans during the second quarter of 2006, according to a new Inside Mortgage Finance analysis. An estimated $110.0 billion of home-equity loans were originated during the second quarter, up 7.8 percent from the first three months of the year. That brought year-to-date production of home-equity loans to $212.0 billion, a 12.8 percent increase from the same period in 2005...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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