HELOCs

The worsening economy brought on by the coronavirus pandemic has big banks rethinking who they will lend to.

Demand for home loans has been strong in recent months and is expected to increase coronavirus fears push rates lower.

The SoFi co-founder said Figure Technologies is working with national banks to employ its distributed ledger tech for loan originations.

Home loan originations rose by double digits in the third quarter while auto loan originations approached an all-time high, according to new household credit data from the New York Fed.

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Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers.

The once-popular loan Americans use to finance home renovations and college tuition is slowly dying, slashing a lucrative source of revenue for the nation's largest banks.

CUs in both states surpassed total asset milestones, but many business lines are growing at a slower pace than they were one year ago.

Membership continues to rise across the Wolverine State, though at a slower pace, but lending overall is on the decline.

Dallas Fed chief says lower interest rates may require stricter rules to ward off riskier lending; after financial crisis, debt backed by HELOCs disappeared.