Home Equity Lending Study
MBA’s Home Equity Lending Study collects data – volume, utilization rates, operational metrics, and growth expectations – related to lending and servicing open-ended Home Equity Lines of Credit (HELOCs) and closed-end Home Equity Loans.
The 2023 study (covering 2022 data) collected data from 20 member companies — including large banks, community banks, and credit unions — representing $37.8 billion in originations volume for 2022; $211.1 billion in maximum credit extended to borrowers as of December 31, 2022; and $81.1 billion in outstanding borrowings as of December 31, 2022.
A highlights publication from the 2023 study (2022 data) is available for purchase and includes key findings and charts, which are detailed below.
The following charts are included:
- ECONOMIC OVERVIEW
- STUDY HIGHLIGHTS:
- Highlights
- Challenges
- Initiatives
- OPERATING STRUCTURES:
- Which Area Primarily Manages the HELOC Originations Business?
- Which Area Primarily Manages the Home Equity Loan Originations Business?
- Loan Origination Systems
- Which Area Primarily Manages the HELOC Servicing Business?
- Which Area Primarily Manages the Home Equity Loan Servicing Business?
- Loan Servicing Systems
- COMMITMENTS (ORIGINATIONS):
- HELOC and Home Equity Loan Commitment Volume by Lien Position
- HELOC and Home Equity Loan Commitment Volume by New Account vs. Renewal/Refinance
- Total Commitment Volume by First Contact with Borrower
- Total Commitment Volume by Known Borrower Usage
- Total Commitment Volume by Valuation Method
- Loan-to-Value Ratios
- Average FICO Scores
- HELOC and Home Equity Loan Commitment Volume by FICO at Closing
- Pull-Through Rates
- Processing Times
- HELOC UTILIZATION:
- HELOC Utilization Rates (Outstandings/Commitments) for Recent Vintage Years
- HELOC Utilization Rates (Total Outstandings/Commitments) for Total Commitments
- HELOC Account Status
- Zero-Balance HELOC Accounts by Contractual Commitment Limit
- Maximum-Funded HELOC Accounts by Contractual Commitment Limit
- HELOC AND HOME EQUITY LOAN OUTSTANDINGS: FINANCING TERMS AND PERFORMANCE:
- HELOC and Home Equity Loan Outstandings: % Change from Beginning of Year to Year-End
- HELOC Servicing Portfolio Mix
- Index for HELOC Variable Rate Adjustments
- HELOC Contractual Commitment Limits
- HELOC Contractual Total Terms
- Average Life from Origination to Payoff
- Average FICO Scores
- HELOC and Home Equity Loan Outstandings by FICO
- Delinquency and Foreclosure Rates
- COSTS:
- HELOC and Home Equity Loan Production Costs
- HELOC and Home Equity Loan Servicing Costs
- GROWTH EXPECTATIONS:
- HELOC and Home Equity Loan Commitments: Growth Expectations
- HELOC and Home Equity Loan Outstandings: Growth Expectations