Home Equity At A Glance Report
With the continuing Fed rate and real estate lending regulatory changes in the US, it is critical for lenders to monitor the overall home equity lending industry and their key competitors to ensure their product solutions and pricing are up to par.
Our Home Equity At A Glance report provides a comprehensive overview of Home Equity Line and Loan product offers by major 25 US lenders. The report is comprised of the following sections:
• Product features and specifics
• Pricing details
• Fee details
Products covered are Home Equity Line of Credit (including Fixed Rate Option) and Home Equity Term Loan:
Lenders covered in headquarter markets are:
- Bank of America
- Bank of the West
- BMO Harris
- Citizens Bank
- Fifth Third
- Huntington National Bank
- Navy FCU
- PenFed CU
- Regions Bank
- TD Bank
- US Bank
- Webster Bank
- Wells Fargo
- Zions Bank
The report is an Excel file with separate tabs for HELOC, Fixed Rate Option and HE Loan data. Each tab reflects 25 columns of data (1 for each lender), with 12 printable pages each.
- Product Features and Specifics section includes key product parameters such as lien, maximum CLTV allowed, loan amounts, repayment term, repayment options, early closure details, card access, and maximum number of fixed rate locks allowed.
- Pricing Section includes base pricing details, rate adjustments to base rate based on applicable parameters above, auto debit and relationship pricing details, and introductory rate details.
- Fee Section includes details on loan processing fees, annual fees, annual fee waiver options, fixed rate lock fee, and closing cost requirements.