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