Home Equity Up by $726 Billion

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Discover Financial Services (DFS) today reported net income of $726 million or $2.15 per diluted share for the first quarter of 2019, as compared to $666 million or $1.82 per diluted share for the.

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Year over year, home equity grew by $726 billion, an increase of 10.8 percent. The company said 384,000 borrowers moved out of negative equity, increasing the percentage of homes with positive equity to 93.7 percent of all mortgaged properties, or nearly 48 million homes.

Data released by the national reverse mortgage lenders association (nrmla) shows senior home equity increased by $30 billion in the fourth quarter of 2011. Seniors have $3.22 trillion in home equity available, according to the most recent NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) report.

(“Assured” or “the Company”) announced today that it has signed an agreement for WL Ross & Co. LLC (“WL Ross”) to purchase $250 million of common shares of Assured and to provide a commitment to.

The combination of rising home prices and falling mortgage rates has U.S. homeowners sitting on a veritable fortune in home equity. The collective amount. has more than a billion monthly users,

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Home equity has increased by $227 billion in the third quarter of 2016-a jump of 3.1 percent over Q2, according to recent data from CoreLogic. Year over year, equity rose by a total of $726.

U.S. homeowners with mortgages (roughly 63% of all homeowners) saw their equity increase. $227 billion in the third quarter – an increase of 3.1% compared with the second quarter, according to.