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Office of Research blog: A look at cash-out refinance mortgages and their borrowers between 2013 to 2023 | Consumer Financial Protection Bureau

https://www.consumerfinance.gov/about-us/blog/office-of-research-blog-a-look-at-cash-out-refinance-mortgages-and-their-borrowers-between-2013-to-2023/

...number of refinance mortgage originations declined, with cash-out refinances becoming...a larger share of all refinances. Cash-out refinances exacerbated the 2008 financial...rapidly throughout 2022, the number of refinance mortgage originations declined. The...composition of these refinances also changed. Cash-out refinances – where a homeowner

Cash-Out Refinances and Paydown Behavior of Non-mortgage Debt Balances | Consumer Financial Protection Bureau

https://www.consumerfinance.gov/data-research/research-reports/cash-out-refinances-and-paydown-behavior-of-non-mortgage-debt-balances/

...extent to which borrowers of cash-out refinance mortgages pay down non-mortgage debts...equity using an event study around the refinance event....Office of Research looked at cash-out refinance mortgages and their borrowers over...and 2021 used their funds from a refinance, focusing on how they paid down balances

CFPB Orders NewDay USA to Pay $2.25 Million for Illegally Luring Veterans and Military Families into Cash-Out Refinance Loans | Consumer Financial Protection Bureau

https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-newday-usa-to-pay-2-25-million-for-illegally-luring-veterans-and-military-families-into-cash-out-refinance-loans/

...servicemembers and veterans seeking cash-out refinance loans....servicemembers and veterans seeking cash-out refinance loans. The CFPB found that NewDay...and military families into cash-out refinance mortgages by hiding the true costs