TPG Angelo Gordon has identified a significant opportunity in the home equity market, driven by Americans increasingly borrowing against their homes amid rising real estate prices.
The firm’s head of structured credit and specialty finance, TJ Durkin, highlighted the evolving landscape of home equity products during a recent podcast. Durkin noted that the market could see annual origination levels between $150 billion and $200 billion, indicating robust growth potential.
This surge in home equity borrowing presents a compelling investment avenue for financial institutions and investors looking to capitalize on the changing dynamics of the housing market.