Home Equity Jumps to $726 Billion

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Home equity in the U.S. increased $276 billion in the third quarter, according to new data from CoreLogic. That’s a 3.1% increase over the second quarter and a 10.8% increase from Q3 of 2015.

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Year over year, equity rose by a total of $726 billion, or 10.8 percent. The most equity growth occurred on the West Coast. While the average homeowner saw equity rise by about $13,000, those in.

Moreover, home lending revenues rose 12% year over year, mainly due to substantially higher mortgage origination volume.

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Discover Home Equity Loans has reached a milestone by exceeding $1 billion in total loan balance and doubling origination volume each of the last two years. "Reaching the $1 billion milestone.

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The jump follows two straight quarters of falling prices. when it was 151.3 points. Read also: New private home sales surged in May but analysts say it is still a buyers’ market The flash estimates.

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Year over year, home equity grew by $726 billion, representing an increase of 10.8 percent in Q3 2016 compared with Q3 2015. In Q3 2016, the total number of mortgaged residential properties with negative equity stood at 3.2 million, or 6.3 percent of all homes with a mortgage.

Homeowners gained an aggregate of $570 billion in 2016, bringing the number of homeowners. which can more than double the monthly payment. That caused huge jumps in home equity line delinquencies,

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