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Home equity products light up a dark housing market

HELOCs, closed-end second mortgages and shared-equity contracts are flooding the zone as first-lien originations dry up.

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We re right at the cusp : 8% mortgage rates are already here for some buyers

Mortgage rates continue to rise, and some lenders are already quoting certain home buyers a rate of over 8%, mortgage experts say.

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One More Reason Homeowners May Stay Put: A Big Rise in Home Equity

The average mortgage holder had nearly $200,000 in home equity in June, representing a $14,000 gain from the first quarter, according to Black Knight.

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More Bad News for Buyers: Home Equity Is Taking Off

The average mortgage holder had nearly $200,000 in home equity in June, representing a $14,000 gain from the first quarter, according to Black Knight.

John toohigFreddie macSam khaterRaymond jamesScott olson gettyShaina mishkinTim quinlanShannon seeryBob broeksmitWells fargoMortgage bankers associationNational association of realtorBlack knightGetty imagesNational associationMortgage bankers

Synovus sells $373M in auto loans as balance sheet reduction continues

The deal with private equity firm KKR follows an earlier announced sale of $1.3 billion in medical office loans. The Columbus, Georgia-based company has said it's "proactively optimizing the balance sheet" to position itself for long-term growth.

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