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

The Rise of Digitalization in Mortgage Originating: A Paradigm Shift
Explore the transformative rise of digitalization in mortgage originating and how it's reshaping the industry, enhancing efficiency, borrower experience, and operational growth.

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.

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