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The "Home ATM" Stays Mostly Closed in Q2

Calculated Risk Real Estate

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q2. 1 (sometimes called the Flow of Funds report) released today.

Closing 130
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The "Home ATM" was Closed in Q1

Calculated Risk Real Estate

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so negative MEW suggests that normal principal payments were greater than equity borrowing in Q1. 1 (sometimes called the Flow of Funds report) released today.

Closing 95
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The "Home ATM" Closed in Q4

Calculated Risk Real Estate

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q4. 1 (sometimes called the Flow of Funds report) released today.

Closing 75
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The "Home ATM" Mostly Closed in Q3

Calculated Risk Real Estate

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q3. 1 (sometimes called the Flow of Funds report) released today.

Closing 78
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The "Home ATM" Mostly Closed in Q2

Calculated Risk Real Estate

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. Note the almost 7 years of declining mortgage debt as distressed sales (foreclosures and short sales) wiped out a significant amount of debt.

Closing 69
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The "Home ATM" Mostly Closed in Q1

Calculated Risk Real Estate

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. Note the almost 7 years of declining mortgage debt as distressed sales (foreclosures and short sales) wiped out a significant amount of debt.

Closing 64
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? Clients may be confused about the difference between an interest rate on their mortgage loan and an APR. This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property.