According to the latest Experian-Oliver Wyman Market Intelligence Report, home equity line of credit (HELOC) originations warmed up significantly heading into summer. After two consecutive quarters of decline, HELOC originations came in at $35.2 billion in Q2 2014, a 38 percent increase over the previous quarter and a 27 percent increase over last year.
Lenders can stay ahead of evolving trends and adjust lending strategies as needed by consistently monitoring credit trends and market intelligence data.
Attend our upcoming Webinar on the latest credit trends and the current state of the U.S. real estate market.
Access the latest credit trends with Experian’s IntelliViewSM.