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Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market. That growth presents an opportunity for reverse mortgages and home equity loans.

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Home equity cushions homeowners against economic shocks

Housing Wire

The most recent National Mortgage Database (NMDB) Aggregate Statistics report from FHFA reveals the significant amount of home equity that American households possess. Vast home equity cushion Keep this very simple: 82% of homeowners in America have at least 30% of equity in their homes.

Equity 467
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Global equity release market projected to top $56B by 2035

Housing Wire

Equity release — a class of financial products that involve unlocking home equity and converting it into cash flow — currently has global annual volume of roughly $17 billion. the United Kingdom and elsewhere, but a European equity release authority projects that volume will more than triple over the next 10 years.

Equity 381
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Americans tapped $25B in home equity in Q1. That hasn’t happened since 2008

Housing Wire

homeowners tapped nearly $25 billion in home equity through second-lien mortgages during the first quarter of 2025 the largest volume for this period in 17 years, according to the ICE Mortgage Technology ‘s newest Mortgage Monitor report. trillion in home equity entering the second quarter, up 4% from a year earlier.

Equity 490
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Homeowners have a collective $700B in ‘trapped’ equity

Housing Wire

More than $700 billion in home equity is effectively trapped and inaccessible to homeowners due to a variety of economic circumstances, including employment shocks and shifts in the market that negatively impact their credit scores. This exacerbates existing barriers to credit and access to home equity.

Equity 363
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Senior-held home equity falls in Q4 2024

Housing Wire

Following a rise to an all-time high in the second quarter, senior-held home equity saw a modest decline in the third quarter and endured a more severe drop in the fourth quarter. Homeowners 62 and older saw their collective home equity levels drop by 1% in Q4 2024 to a total of $13.95 home equity. This is encouraging news.

Equity 347
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Who’s winning the home equity war?

Housing Wire

According to ATTOM’s third quarter 2024 Home Equity and Underwater Report, 48.3% are considered equity rich. saw a remarkable surge in their equity , gaining an impressive $28,000 on average. According to CoreLogic, total home equity skyrocketed to an astounding $33.8 of mortgaged residential properties in the U.S.

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