According to a recent study by the Mortgage Bankers Association (MBA), the home equity lending market showed little growth in 2023. This stagnation was primarily attributed to low pull-through rates, which hindered the expansion of this sector within the mortgage industry. The findings shed light on the challenges faced by lenders in maximizing the potential of home equity products.
Key points from the MBA study on home equity lending in 2023 include:
– Home equity lending market saw minimal growth
– Low pull-through rates were a major contributing factor
– Lenders grappled with limitations in expanding this sector
– Findings highlight obstacles in optimizing the potential of home equity products.
You can read this full article at: https://www.housingwire.com/articles/home-equity-lending-flat-in-2023-as-outstanding-debt-increased-mba/(subscription required)
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