Lenders Look to HELOCs for Growth
Lenders across the Granite State are issuing significantly more home equity lines of credit than they have in years past, as high mortgage rates hammer the purchase and refinance mortgage markets. And while banks and credit unions have long dominated the market for...
HELOCs Step into the Gap
More homeowners – and lenders – are turning to home equity loans and lines of credit in the face of historic levels of tappable equity and rising mortgage rates that make cash-out refinances unattractive. The historically low interest rates in 2020 and 2021 have left...
CRA Reform Could Bring Bigger Assessment Areas
The latest attempt to renovate the Community Reinvestment Act could pose serious challenges for larger banks that have used online lending to find business over a wide area. A yearslong effort to modernize CRA now accounts for online banking and lending activities,...Survey: Community Bankers Pessimistic About Business Outlook
The Federal Reserve’s interest rate decisions and concerns about future business conditions have made community bankers more pessimistic about the economy, according to the Conference of State Bank Supervisors latest survey. The second quarter Community Bank Sentiment...This Week’s Paper: Digital Edition
