Unlike open-ended loans like home equity lines of credit (HELOCs), which allow for continuous borrowing and repayment, closed-end second mortgages provide a single disbursement that must be repaid ...

But there's another type of HELOC – the first-lien HELOC – which is also referred to as an "open-end mortgage," "all-in-one mortgage" or "first-position HELOC." ...

After reaching a peak of 7.04% in January 2025, mortgage rates retreated to the mid-6% range in March but then reversed ...

But there's another type of HELOC – the first-lien HELOC – which is also referred to as an "open-end mortgage," "all-in-one mortgage" or "first-position HELOC." ...

An open-end fund is a type of mutual fund that allows investors to buy and sell shares on demand. This makes open-end funds highly accessible and flexible for investors seeking to diversify their ...

Closed-end credit is a loan or extension of credit in which the proceeds are dispersed in full when the loan closes and must be repaid by a specified date.

On February 1, the OCC reminded banks and OCC examiners that the loan origination threshold for reporting HMDA data on closed-end mortgages has changed due to a court decision issued last year ...