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Q: Home Equity Loan Market Size ( Answered 5 out of 5 stars,   1 Comment )
Subject: Home Equity Loan Market Size
Category: Business and Money > Finance
Asked by: lwc1234-ga
List Price: $20.00
Posted: 16 Dec 2005 19:29 PST
Expires: 15 Jan 2006 19:29 PST
Question ID: 606724
What is the total dollar value of home equity loans taken out in a
given year (could be any year within the last 5 years)?
Subject: Re: Home Equity Loan Market Size
Answered By: juggler-ga on 16 Dec 2005 20:45 PST
Rated:5 out of 5 stars

According to research cited by the Wall Street Journal, the total
dollar value of home equity loans taken out in 2004 was $431.3


"Overall, home-equity originations climbed 35 percent last year [2004]
to a record $431.3 billion, according to SMR Research Corp., a
market-research firm in Hackettstown, N.J."

"Equity loans flying as high as property values"
By Ruth Simon
Wall Street Journal
Published January 30, 2005,0,5676369.story?coll=chi-classifiedfinancing-hed

Also see:

" Low mortgage-interest rates made 2004 another big year for
refinancing, and home-equity borrowing in the United States reached a
record high.
Americans took out $431.3 billion of home-equity loans and lines of
credit, according to SMR Research, a market-research firm in New
Jersey. That's up 35 percent from 2003."
source: Seattle Times

Also see: 

"Mainstream home-equity lending soared 33% last year according to SMR
Research, with new borrowing at nearly quadruple the level of just
five years ago...
 Home-equity lending skyrockets
                2004            1999            Increase
New borrowing	$431 billion	$114 billion	278%
Total owed	$719 billion	$267 billion	169%
Source: SMR Research"
from MoneyCentral:

search strategy:
"took out * billion in home equity

I hope this helps.
lwc1234-ga rated this answer:5 out of 5 stars and gave an additional tip of: $5.00

Subject: Re: Home Equity Loan Market Size
From: juggler-ga on 19 Dec 2005 12:40 PST
Thank you for the tip.

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