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Volume 2018 - Number 22

June 7, 2018

Outstanding Home Equity at Record Levels as Use of Cash-Out Refis and Home-Equity Loans is Limited

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.

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