Housing Finance

With the mortgage refinancing wave largely over, mortgage originations will decline considerably in 2013, perhaps by as much as 50%. That said, home equity lines of credit will become increasingly popular as homeowners struggle to extract cash from their homes, yet preserve their 3% 30-year mortgage. Also, if the immigration bill moving through Congress changes the status of illegal immigrants, they could be a boon to the industry.

Share This Post
Facebook Twitter Email

Speak Your Mind