The origination of new credit lines secured by residential properties is expected to double over the next five years thanks to improving market conditions.
This year, U.S. consumers with equity in their single-family properties are forecasted to open 1.4 million new home-equity lines of credit.
Production of HELOCs, which moved up from 1.2 million in 2016, is forecasted to ascend to 1.6 million during all of next year.
Source: Mortgage Daily
