Deephaven Mortgage, a Charlotte, North Carolina-headquartered non-QM lender, has launched its Equity Advantage HELOC product that includes an option for self-employed borrowers to qualify based on 12 months of personal or business bank statements in lieu of tax...
MISMO, the real estate finance industry’s standards organization, has published the SMART Doc V3 eHELOC Specification, a standard designed to address the requests for natively created electronic documents to support the growth of home equity lines of credit...
Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased 7.2% year-over-year during 2024 while total HELOC and home equity loan debt outstanding grew 10.3%, according to the Mortgage Bankers Association’s (MBA)...
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 –...
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,...
UWM Says VantageScore 4.0 Improves Results for 1 in 4 Borrowers
