Mortgage production indicators were down almost across the board during the first quarter of 2018, but the jumbo market posted some of the biggest declines of all. [Includes three data charts.]
Home-equity lending stumbled in early 2018, although borrower demand and lender interest both seem relatively strong, according to a new Inside Mortgage Finance analysis. [Includes three data charts.]
The amount of home equity outstanding hit a record in 2017, surpassing the previous peak seen in the run up to the financial crisis. Economists at the Federal Reserve Bank of New York note that equity extraction by borrowers has been limited by tight underwriting standards.