Homeowners tapped equity during the first three months of the year at the highest first-quarter levels since 2021, according to data from Intercontinental Exchange, Inc. (NYSE: ICE). The increase was primarily attributed to second-lien lending (54% of equity...
Better Home & Finance Company (NASDAQ: BETR) has debuted the Better Home Equity Card, a prepaid debit card that enables homeowners to access funds drawn from their Better Home Equity Line of Credit (HELOC). The card, which is built on Stripe’s financial...
Oluwaseun Adekoya, a Nigerian national, was convicted by a jury for leading a nationwide bank fraud scheme involving the theft of home equity lines of credit (HELOCs). According to the charges brought against him, Adekoya – who operated under multiple pseudonyms –...
US mortgage holders carried a record $17.6 trillion in home equity at the end of the first quarter, according to a data report from ICE Mortgage Technology. Of that amount, $11.5 trillion was considered “tappable” (available for borrowing while maintaining at least a...
The digital personal finance Achieve announced the expansion of its home equity line of credit (HELOC) program to allow for loan amounts of up to $300,000 and new repayment terms of 20 and 30 years. Achieve’s HELOCs will continue to feature fixed interest rates,...
Mortgage Rates Reach 7.40%, Highest Since November 2023
