Second Mortgage Market Insights Q2 2023

Executive Summary
The Q2 2023 Second Mortgage Market Insights reviews the leap home-equity originations took during 2022. It looks at how aggressive rate increases by the nation’s central bank threw capital markets into disarray. An analysis of data on the more than 10 million HELOCs and HELs outstanding at the end of last year found that most HELOCs are owned by financial institutions. The report looks at how delinquency has remained low. As the dream of an instant online automated approval and closing continues to elude home-equity lending, attention has turned to artificial intelligence, which is discussed in the study. While some industry estimates called for home-equity lending to rise by nearly a quarter this year, others project no year-over-year change. 

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