• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Sunday, June 4, 2023
Provo Online News
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home News Local News

Top 10 U.S. Metros Where HELOC Lending Is On The Rise – ATTOM Data Solutions

top-10-us.-metros-where-heloc-lending-is-on-the-rise-–-attom-data-solutions
Share on FacebookShare on Twitter

According to ATTOM’s recently released Q4 2021 Residential Property Mortgage Origination Report, there were a total of 230,734 home-equity lines of credit (HELOCs) originated on residential properties in Q4 2021. That number was down 5.5 percent from 244,136 in Q3 2021 and down 4.2 percent from 240,857 in Q4 2020.

ATTOM’s latest mortgage origination report noted that in Q4 2021, HELOC activity dropped for the first time since Q1 2021. The report found that $45.6 billion fourth-quarter volume of HELOC loans was down 3 percent from Q3 2021 and 11 percent from Q4 2020.

The report also noted that HELOC mortgage originations decreased from Q3 to Q4 2021 in 68 percent of the metro areas analyzed. According to the Q4 2021 report, the largest decreases in metro areas with a population of at least 1 million were in Atlanta, GA (down 36.1 percent); San Antonio, TX (down 23.3 percent); Houston, TX (down 19.1 percent); Austin, TX (down 18.5 percent) and St. Louis, MO (down 15.9 percent).

In this post, we dive deeper into the data behind the ATTOM Q4 2021 mortgage origination report to unveil the complete list of the top 10 larger metros that saw the greatest decreases in HELOC mortgage originations in Q4 2021. Rounding out the top 10 metros among those with a population of at least one million, those remaining metros that saw the greatest decreases in HELOCs included: Pittsburgh, PA (down 15.7% percent); Virginia Beach-Norfolk-Newport News, VA-NC (down 14.6 percent); Jacksonville, FL (down 13.7 percent); Providence-Warwick, RI-MA (down 13.3 percent); and Richmond, VA (down 13.1 percent).

Also according to report, the biggest quarterly increases in HELOCs among metro areas with a population of at least 1 million in Q4 2021, were in Cleveland, OH (up 32.7 percent); Buffalo, NY (up 24.3 percent); Raleigh, NC (up 21.7 percent); Philadelphia, PA (up 13.5 percent) and Detroit, MI (up 10.6 percent).

In this post, again we dive deeper into the data behind the ATTOM Q4 2021 mortgage origination report to unveil the complete list of the top 10 larger metros that saw the greatest increases in HELOC mortgage originations in Q4 2021. Rounding out the top 10 metros among those with a population of at least one million, those remaining metros that saw the greatest increases in HELOCs included: Tucson, AZ (up 10.1 percent); Riverside-San Bernardino-Ontario, CA (up 8.2 percent); Sacramento–Roseville–Arden-Arcade, CA (up 8.1 percent); Cincinnati, OH-KY-IN (up 7.8 percent); and Charlotte-Concord-Gastonia, NC-SC (up 2.3 percent).

svg%3E

ATTOM’s latest residential property mortgage origination analysis also reported that purchase originations in Q4 2021 were down 11.3 percent from Q3 2021, although still up 2.8 percent from Q4 2020. According to the report, the $439 billion dollar volume of purchase loans in Q4 2021 was down 10 percent from $487.5 billion in Q3 2021, but up 14.1 percent from $384.6 billion in Q4 2020.

The report also noted that residential purchase-mortgage originations decreased from Q3 to Q4 2021 in 87 percent of the metro areas analyzed, with the largest quarterly decreases in Provo, UT (down 55.2 percent); Hickory-Lenoir, NC (down 54.1 percent); Huntsville, AL (down 53.5 percent); Sioux Falls, SD (down 51.5 percent) and Pittsburgh, PA (down 48.2 percent).

ATTOM’s report also stated that residential purchase-mortgage lending increased from Q3 2021 to Q4 2021 in 13 percent of the metros analyzed, led by Buffalo, NY (up 25.3 percent); Lakeland, FL (up 17.8 percent); Salt Lake City, UT (up 17.7 percent); Lafayette, IN (up 13.3 percent) and Brownsville, TX (up 11.7 percent).

Want to learn more about HELOC and other residential property mortgage origination trends in your area? Contact us to find out how!

About The Author

svg%3E

Christine Stricker

Christine Stricker is the senior marketing manager for ATTOM Data Solutions where she serves the primary media liaison for the premium property data provider. She is responsible for successfully driving ATTOM Data products, service and brand promise in the marketplace and instrumental in identifying opportunities and delivering effective strategies to generate results.

Provo Online News

© 2021 Provo Onlinr News

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Provo Onlinr News

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT