fintechFebruary 15, 2017
Homeowners Borrowing Less with Equity from Their Homes
Since 2008 home equity has rebounded as the economy has recovered; since 2012 housing equity has increased by $7 trillion; despite the borrowing opportunity, home equity lending has yet to return to its pre-crisis levels; data from the New York Federal Reserve outlines current borrowing trends and factors that are now influencing home equity borrowing. Source