Saturday , 17 November 2018

Black Knight: Tappable Equity Skyrockets, But HELOC Loans Decline

By Jann Swanson

Posted To: MND NewsWire

This month’s Mortgage Monitor Report from Black Knight, Inc. is again about equity, but this time with a twist regarding the way homeowners are treating it. The company says that the tappable equity held by homeowners increased by $820 billion dollars over the 12 months that ended in March, $380 billion in the first quarter of 2018 alone. Those numbers equate to 16.5 percent growth year-over-year, and 7 percent for the quarter. Equity growth is generally highest in the first and second quarters of the year, but the first quarter growth this year was up 30 percent from the same quarter in 2017. It was the highest single-quarter increase recorded by Black Knight since it began keeping records in 2005. Tappable equity is the share of equity that a homeowner can borrow before reaching a maximum…(read more)

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Black Knight: Tappable Equity Skyrockets, But HELOC Loans Decline

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