Cash-Out Refis Hit $1.4T in 2021, Highest Since 2005

The Rise of Digital Lending Platforms: Transforming the Mortgage Originating Process
Discover how digital lending platforms are transforming mortgage originating processes, enhancing efficiency, personalization, and compliance.

Estimated reading time: 0 minutes, 16 seconds

Friday, Mar 11 2022

Written by The Mortgage Leader

Of $2.7 trillion in refinances originated in 2021, $1.2 trillion were cash-outs, according to Black Knight’s latest Mortgage Monitor report.

Black Knight That’s the highest cash-out level since 2005 and is within 1% of an all-time record.

Total originations last year reached $4.4 trillion, topping 2020’s record high, according to the report.

Read 1479 times

Rate this item

(0 votes)