According to RealtyTrac’s Q2 2016 U.S. Residential Property Loan Origination Report, Home Equity Line of Credit (HELOC) originations wee up 5% from one year ago – marking the 17th consecutive quarter with an annual increase. In addition, they report that nearly 1.9 million (1,868,187) loans were originated on U.S. residential properties (1 to 4 units) in the second quarter of 2016, up 26% from the a two-year low in the previous quarter quarter but down 4% from a year ago. RealtyTrac’s loan origination report is derived from publicly recorded mortgages and deeds of trust collected by ATTOM Data Solutions in more than 950 counties accounting for more than 80% of the U.S. population.
Click here to read the full report on RealtyTrac.
