20 bank lenders with the largest HELOC volume in Q1

June 1, 2023 8:57 AM

Enjoy complimentary access to top ideas and insights — selected by our editors.

The top five lenders in our ranking have a combined HELOC volume of more than $91 billion at the end of the first quarter of 2023. While many lenders saw a decrease between Q4 and Q1, one firm — BMO Harris Bank — outperformed significantly with a rise of 119.11%.

The data in this ranking came from National Mortgage News' MortgageStats site, which pulls information from quarterly call reports available from the Federal Financial Institutions Examination Council.

Scroll through to see which residential depository lenders are in the top 20 and how they fared in Q1.

MORE FROM NATIONAL MORTGAGE NEWS

Originations

Townstone Financial agrees to settle redlining case

The Chicago-area lender, which at first was able to get the suit quashed, agreed to end the discrimination case by paying a $105,000 fine.

By Brad Finkelstein

November 1
UWM files motion to dismiss racketeering suit

The wholesale lender filed a motion to dismiss the case, or at least to strike the class action certification in mid-October.

By Maria Volkova

November 1
Earnings

Motto Mortgage still recording losses for Remax in Q3

Remax, the real estate brokerage and mortgage broker franchisor of Motto Mortgage, rebounded from a year ago loss in a tough news cycle for both its businesses.

By Brad Finkelstein

November 1
Employment data

Mortgage hiring decisions influenced by technology, consolidation

Economists cautioned that October's employment report may not provide a fully accurate representation of the economy due to recent hurricanes.

By Spencer Lee

November 1
Community banking

HomeStreet readies backup plan after regulators block deal

HomeStreet and FirstSun are working to devise a new formula after the Texas Department of Banking and the Federal Reserve declined to approve their merger application.

By John Reosti

November 1
Industry News

Ex-Trump Treasury Secretary eyes more voting power at Flagstar

Former Treasury Secretary Steven Mnuchin and his investment firm Liberty Strategic Capital are seeking to more than double his indirect ownership stake of Flagstar Financial — formerly New York Community Bank — to 22.9%, according to filings obtained by American Banker.

By Claire Williams

November 1