Reported about 15 hours ago
HELOCs (home equity lines of credit) are experiencing a significant resurgence, driven by increased private credit activity and consumer demand. Meredith Whitney, CEO of Meredith Whitney Advisory Group, notes that this trend marks a turnaround from a long period of decline, with home equity becoming the fastest growing consumer loan category. Major players like Rocket and Sofi are seeing substantial growth in their home equity and personal loan offerings, further contributing to the industry's expansion.
Source: YAHOO