IDS Reports Spike in HELOC Doc Volume

first_img Company News HELOCs International Document Services 2014-10-06 Tory Barringer IDS Reports Spike in HELOC Doc Volume International Document Services, Inc. (IDS), a Utah-based mortgage document preparation vendor, reported a spike in home equity lines of credit (HELOCs) through the year’s first three quarters.Based on document volume data, IDS says its customers have already drawn more HELOC loan docs than they did through the entirety of 2013, putting this year on track for a 65 percent annual increase if trends keep up.The increase comes even as other loan types hold steady. According to IDS’ data, conventional and Federal Housing Administration loan document draws year-to-date have increased nearly 5 percent over last year’s first three quarters, while Veterans Affairs and rural loan doc draws are up around 10 and 17 percent, respectively.“During a time of declining volumes industry-wide, IDS has seen the exact opposite,” said IDS EVP Mark Mackey. “Our loan doc volumes continue to increase year over year, and that’s due in large part to steady requests from existing customers, as well as business from new customers. At IDS, we strive to make docs the least stressful part of the lending cycle, and we’re thrilled to be able to assist in our customers’ successes.”What’s true for IDS’ customers seems to be true for the industry as a whole. According to a recent article in the Los Angeles Times, homeowners opened $120 billion in new HELOCs in the 12 months ending in August, marking a 27 percent increase in volume.“Rising home prices have certainly encouraged borrowers to tap into their homes’ equity,” Mackey said. “Because so many people were able to take advantage of the relatively low interest rates over the past few years, they are now highly incentivized to stay in and improve their existing home.” in News, Originationcenter_img October 6, 2014 500 Views Sharelast_img read more

Surprise These termites are good for trees

first_img Country * Afghanistan Aland Islands Albania Algeria Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, the Democratic Republic of the Cook Islands Costa Rica Cote d’Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hungary Iceland India Indonesia Iran, Islamic Republic of Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea, Democratic People’s Republic of Korea, Republic of Kuwait Kyrgyzstan Lao People’s Democratic Republic Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macedonia, the former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Martinique Mauritania Mauritius Mayotte Mexico Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Norway Oman Pakistan Palestine Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Qatar Reunion Romania Russian Federation Rwanda Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Vietnam Virgin Islands, British Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe By Sid PerkinsJan. 10, 2019 , 2:00 PM When it comes to floorboards and furniture, termites get a bad rap. But there’s one type of wood they may be good for: the trees of rainforests.During an extreme drought that struck the island of Borneo during late 2015 and early 2016, researchers studied eight widely scattered plots on the forest floor. In four of those 2500-square-meter areas, team members dug out or leveled termite mounds and then left poison baits for the insects that remained. In the other four areas, researchers left the insects alone.In the plots with intact termite mounds and nests, soil moisture at a depth of 5 centimeters was 36% higher during the drought than it was in plots where termite activity was disrupted. Termites (above) generally require a moist environment and, when necessary, will dig down dozens of meters or more to bring water up to their living spaces, the scientists note. Surprise: These termites are good for trees Sign up for our daily newsletter Get more great content like this delivered right to you! Country That termite-induced boost in near-surface soil moisture was beneficial to plants during the drought, the researchers report today in Science: Seedlings of climbing vines transplanted into areas where termites remained active were 51% more likely to survive than those in areas without the wood-eating insects.Because droughts are expected to occur more frequently in coming years as climate changes, termites may play an increasingly important role in rainforest productivity and biodiversity, the researchers suggest. Chien C. Lee Email Click to view the privacy policy. Required fields are indicated by an asterisk (*)last_img read more