HELOCs: The Untapped Opportunity for Growth and Profits
November 25, 2016 9:00:00 AM
These are interesting times for HELOCs. Home prices have risen sharply. As a result, home-equity wealth has doubled during the last five years to $13 trillion according to CoreLogic. Home prices are expected to continue increasing in 2017. This coupled with growing originations have led to renewed interest in home equity portfolios from bankers seeking new profit centers.