From HousingWire:
TransUnion: Home equity lending is going to soar
Home equity levels continue to rise, and all signs point to a market ripe for home equity lending, according to a recent report from consumer credit reporting agency TransUnion.
Home equity levels have risen every year and are now nearing $15 trillion, surpassing its 2006 peak by more than $1 trillion. TransUnion said this fact and several other dynamics will converge to create significant growth in home equity origination.
“There are ample signs that the home equity lending market is poised for growth. Home prices have surpassed 2005 boom levels and household home equity has grown even faster,” said Joe Mellman, TransUnion’s senior vice president and mortgage business leader. “Increasing consumer debt makes debt consolidation an appealing option and home equity can be the most economically attractive path to do just that.”
Interest rates also play a role, according to Mellman.
“With rising interest rates and increases in home prices outpacing wage growth, homeowners are more likely to stay in their current homes, rather than ‘move up,’” Mellman continued. “This leads to a higher likelihood of improving their existing home and home equity can be great tool for that.”
TransUnion said its study revealed that last year, HELOCs comprised the greatest number of home equity originations with 1.2 million loans closed, a 2.3% increase from the previous year.
First.
Huh, what am I doing here?
“Take a vacation on the house.”
Ad campaign circa 2006 for using your house as an ATM.
More like hoping and praying people take HELOCs as their refi and origination units turn smelly brown. It is amazing how much paper I get in mail lately offering HELOCs.
Remind people that unless the HELOC proceeds are plowed back into the house that secures it, then THE INTEREST CANNOT BE DEDUCTED OFF YOUR RETURN…….. fcuking ignant idiots….
Chicago…
What interest deduction?
So using the money to pay off a horse-faced Ivanka lookalike your boss fvcked with his tiny Yeti d!ck a month after his son was born by his wife with the permanent resident status parents (same as Jamal Koshoggi) doesn’t count? Asking for a friend…
chicagofinance says:
October 22, 2018 at 8:35 am
Remind people that unless the HELOC proceeds are plowed back into the house that secures it, then THE INTEREST CANNOT BE DEDUCTED OFF YOUR RETURN…….. fcuking ignant idiots….
Trip down memory lane..won’t be long now for the ads to inundate us for the next wave of borrowing…
“Home Equity Frenzy Was a Bank Ad Come True”
https://www.nytimes.com/2008/08/15/business/15sell.html
Otto – Just as sitting President “dic*king bim*bos” was about to begin his well earned impeachment trial in the Senate he paid off Paul Jones 850K to keep quiet. Were you outraged then?
I see Otto is off his meds again.
Or not. Hard to tell with him.
I read Krug’s latest jeremiads this morning as he preached his bile to his rabid base (which I think I will call the Ottoman Empire).
His attempts at being a constitutional scholar are even worse than his pathetic showing as an economist.
Do they give a Nobel for trolling? They should give it to Krugs so he has one that was legitimately earned.
Trumps gonna lose big time in the midterms. Mark my words pussies. His little mushroom dick is in the dirt .
https://twitter.com/RealSaavedra/status/1054258787471650816
@RealSaavedra
During Sunday’s Senate debate between Sen. Elizabeth Warren (D-MA) and Rep. Geoff Diehl (R-MA), a protester broke out yelling for the debate moderator to allow independent Senate candidate Shiva Ayyadurai to participate in the debate.
Nom,
“it’s one reason U.S. democracy is teetering on the edge”
Is it really?
Life is just a party and parties weren’t meant to last.
My girl wants to party all the time.
Libturd…look me up in Costa Rica says:
October 22, 2018 at 11:40 am
Nom,
“it’s one reason U.S. democracy is teetering on the edge”
Is it really?”
Said the guy looking to hide out in Costa Rica
Willing to risk their life to come to America, but unwilling to risk their life to fix their own country. Says a lot about these people.
https://www.wsj.com/articles/trump-threatens-to-cut-aid-to-central-american-nations-over-migrant-caravan-1540217440?emailToken=9124a752f10b853d06b83a4b70704eafssRv+chF4+imWa+4Voc6YxjkVWsHVfFR69ILwmtAnmSgzY9YVoOOPHf4oueGyPcArhzOCczOfWOmBNjfKJ3nuceWd8Mij3tqWlECYWYo+jYun1tryHv2Ea0CNuf7Ubx118s0BNXvXaeQiU+1gKahFQ%3D%3D&reflink=article_copyURL_share
Humm NJ Transit and you Screwed toghether.. PTC fuc*k up at the Raritan staion, I am now stuck here for a bit I just might get off and uber home..
https://www.northjersey.com/story/news/transportation/2018/08/16/positive-train-control-could-lengthen-nj-transit-commutes/999417002/
Nailed….. oof..
https://www.youtube.com/watch?v=ytSZ851hLRc
9:56 oh lord.
WTF?
Gold from a great one, obviously not a boomer locust. In fact he’s the anti-locust.
Paul Volcker, ladies and gentlemen;
https://www.nytimes.com/2018/10/23/business/dealbook/paul-volcker-federal-reserve.html?action=click&module=Well&pgtype=Homepage§ion=Business%20Day
Isn’t it weird how Deadbeat Donnie is promising to pass a mythical 10% tax cut for the middle class before the election. It’s almost as if that $1.5 trillion tax cut the rethuglicans added to the deficit wasn’t for the middle class at all….
Must be why the people who love Trump can’t defend him on the merits. All they have is… “but a democrat did this”. Morons. Then again, they’re the same idiots who believed Obamacare would be repealed and replaced. It’s only been 8 years and we’re still waiting. Two years since Trump said we’d have amazing health care under his watch. Where is it, dipsh!ts?
Otto – Where were you when Obama ran up a tab of $9 trillion to the national debt, more than any other president? What’s does 2 Trillion tax cut cost over 10 years? Not much in the grand scheme..
The latest heath care plan from Trump works with the existing laws and rules to allow small businesses to offer reimbursements or premiums. Anything else requires congress, either way we see a new policy agenda forming two weeks from today.
Better get out there and canvass it seems Menendez is on the ropes.
I don’t mind if the scumbags lose. But admit it there is a yuuuuge scumbag in the tip office.
The just the tip office.
October “surprise” . Timmmmberrrrrrrrr
And the stock market says hey Donny fuuuuuck u.
The just the tip office.
You’re getting worse by the day. Stop drinking and get yourself a job, any job that will give you peace. You’re beginning to spiral out of control and it’s disheartening and unsettling to witness.
Ottoman,
Stop blaming the world for your two inch pen1s.
No One: for you
https://www.aqr.com/Insights/Perspectives/The-George-Costanza-Portfolio
KANSAS CITY, Mo. – He blew it. A man whose excessive farting forced a police detective to flee an interrogation room has pleaded guilty to federal gun and drug charges. The Kansas City Star reports that 25-year-old Sean Sykes Jr. entered the plea yesterday, after cops found him with a backpack full of drugs and guns. A detective reported that when asked for his address, Sykes “leaned to one side of his chair and released a loud fart before answering.” Court documents say Sykes “continued to be flatulent” and the gasping detective – desperate for fresh air – ran from the interrogation room. Sykes will be sentenced at a later date, with his future cellmate likely the biggest loser in all this.
Otto,
No matter what happens. Scaramuch is right about Orange hair. Listen carefully.
https://www.msnbc.com/morning-joe/watch/scaramucci-exposing-trump-s-lies-probably-won-t-beat-him-1350856771889?v=raila&
If anyone wants a good read on the Honduras mess
https://www.insightcrime.org/investigations/honduras-elites-and-organized-crime-introduction/
He only blames smart people for some reason.
Man, what a day. Fcuking exhausted. Let’s see what happens tomorrow….
Also…
“Then again, they’re the same idiots who believed Obamacare would be repealed and replaced. It’s only been 8 years and we’re still waiting. ”
Uhmmm, Obamacare WAS repealed. McConnell would only put a (televised) vote to the Senate floor when he knew he had the votes. Remember? The vote was in, there was only one Repub ‘yea’ vote not yet cast, with repeal in the bag. But instead the drunken, entitled, arrogant flyboy walked up to the podium and dramatically ‘thumbed down’ his vote to screw Trump, thereby screwing his colleagues of 30 years and the rest of us.
McCain was always a POS, from the Keating Five onward. His turning on his friend, Party, and Nation over a petty personal spat confirms it.
The cowardly, orange draft dogdger tried a removal before having ‘the greatest healthcare system of all time’ in place. Still waiting on that btw. McCain should have stuck his middle finger up first before putting his thumb down.
Republicans have failed. Simply put the tax cut is a boondoggle.
Obamacare was a very poorly constructed bill that has not helped the situation. If it did, we would be talking about how great it is and how our problems are solved.
Obama is a xenophobe? In this video he says:
* We must secure our border.
* We must punish employers who hire illegal aliens.
* Illegals disrespect the rule of law.
* We cannot allow people to pour into the US, circumventing those waiting in line lawfully.
https://www.youtube.com/watch?v=mWzAiTPfmQE
Fascinating…
“Economics is correctly known as the dismal science. The system that is the world economy has so many variables that it is too easy for doctrinaire economists to frame their studies to fit their own agenda. This is why the brutal Austrian school is favored among reactionaries and tyrannical billionaires.
Countries that have protections in place for workers are nicer places to live. They have better health care, longer lives, more leisure time, more disposable income, more opportunity and better education for their citizens.
The economy is for the benefit of society. The rich that want to bend society to make themselves richer are just slavers with better public relations.”
No sh!t! Been trying to get pro low min wagers to open their mind for years to no avail.
“Researchers whose findings last year pointed to a downside from raising the minimum wage have taken another look and the reality is more nuanced.”
They Said Seattle’s Higher Base Pay Would Hurt Workers. Why Did They Flip?
https://nyti.ms/2AmgaNr?smid=nytcore-ios-share
Longer lives? Asian Americans in NJ have a higher life expectancy than Japan. Life expectancy is more dependent on genetics of a population rather than system of health care.