Data suggests that many banks binged on home equity loans last year and began tightening standards only in the second half after housing prices had already staged a dramatic retreat.
Among the top 200 banks ranked by home equity holdings, 110 posted double-digit increases in their lines of credit and closed-end loans last year, according to data from SNL Financial in Charlottesville, Va. Home equity portfolios shrank at just 29 of these banks.
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Concerns regarding AI companies' ability to handle inflation drove the 10-year Treasury under 5%, but with data still running hot, could yields turn upward?
Yields are soaring into the double digits on bonds and loans funding the AI infrastructure buildout. Bankers are finding it more difficult to offload risk to insurers and other investors.
Loans originated in 2022 or later accounted for 43% of September's foreclosure starts and 49% of completed sales, according to the ICE's first look report.
FFIN 2026-2's notes will repay investors sequentially, other than during a class A credit enhancement period.
Single-family mortgage real-estate investment trusts in the market for home loan assets face hurdles and selectively taking on leverage to keep buying.
