home equity – PROGRESS in Lending

Black Knight: $1.2 Trillion In Cash-Out Refis In 2021 As Homeowners Tap $275 Billion In Equity

March 7, 2022 PROGRESS In Lending Black Knight, cash-out home refinances, home equity

The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company’s mortgage, real estate and public records datasets. This month’s report looks into 2021’s record-breaking $4.4 trillion in mortgage originations and the distinct shift to an equity-driven refinance market. According to Black Knight Data & Analytics President Ben Graboske, though American homeowners are tapping their homes’ equity via cash-out refinances at the highest level since 2005, they are doing so judiciously, at roughly half the rate seen back then.

In The News

Black Knight: 2021 Sees Record $2.6T Tappable Equity Gain; Home Prices Reaccelerate

February 7, 2022 PROGRESS In Lending Black Knight, home equity, home price appreciation

The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. After a year of historic home price gains, homeowners’ tappable equity – the amount available for a mortgage-holder to access while retaining at least a 20% equity stake in their home – has hit yet another record high. According to Black Knight Data & Analytics President Ben Graboske, Q4 2021’s nearly half-billion-dollar increase in tappable equity has also resulted in the lowest total market leverage on record.

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Booming Housing Market Powers Further Rise In Homeowner Equity In Q4

February 4, 2022 PROGRESS In Lending ATTOM, home equity

ATTOM released its fourth-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 41.9 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their estimated market values.

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Home Equity Abounds Across U.S. During Third Quarter

January 7, 2022 PROGRESS In Lending ATTOM, home equity

ATTOM released its third-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 39.5 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their estimated market value.

Nov./Dec. 2021 Edition

Gearing Up For Home Equity In 2022

December 22, 2021 Kathy Mantych First Close, home equity

By Kathleen Mantych

Nov./Dec. 2021 Edition

Marketpulse: Black Knight Data Shows Tappable Equity Surges $254 Billion In Q3

December 22, 2021 PROGRESS In Lending Black Knight, home equity

Industry Trends

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Homeowner Equity Surges Across U.S. During Second Quarter

August 4, 2021 PROGRESS In Lending ATTOM, home equity

ATTOM released its second-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 34.4 percent of mortgaged residential properties in the United States were considered equity-rich in the second quarter, meaning that the combined estimated amount of loans secured by those properties was no more than 50 percent of their estimated market value.

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Integration To Deliver A First-Of-Its-Kind Home Equity Solution

July 13, 2021 PROGRESS In Lending FirstClose, home equity, integration, LOS, MeridianLink Consumer

FirstClose, Inc., a Fintech provider of lending solutions for banks, credit unions, and lenders nationwide, has launched a new integration with MeridianLink Consumer, formerly known as LoansPQ, a loan origination system, providing a full loan product suite to banks and credit unions. As a single loan origination system, MeridianLink Consumer consolidates and streamlines applications from all channels, applying processes to ensure a streamlined process for bank and credit union staff and a world-class consumer experience for members and customers.