HELOC lending shifts back from larger lenders to smaller banks, even as total declines.

According the Federal Reserve Bank of New York the outstanding amount of home equity lines of credit (HELOCs) was the only debt category to record a decrease in the third quarter of 2015.

Net, net, while the balance of HELOCs held by small banks vs. top 20 ones has shifted away from the big lenders, the overall amount of borrowing has also declined, which suggests that more people who are remodeling their homes are putting more of their own cash into the projects.

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