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Broker, Home Equity, Verification, M&A Data; Legal Issue Conference; Non-Agency Product News

Reported · Written up by our desk · Residential

Sometimes you and your teammates have different priorities. I head to Dallas tomorrow for a private mortgage event, where the priorities will probably be mostly aligned. Besides the election, and perhaps the inflation-beating Costco’s Thanksgiving meal, the profitability of HELOCs, 2nd mortgages, and equity products in general will definitely be a discussion topic. In the past much of this product (85 percent by some estimates) was held by banks. Now that is estimated to be down to 65 percent, and non-banks of all shapes and sizes are coming on strong, market-share-wise. Besides having decent

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