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Cash-Out Refis Surge as Owners Use Equity Gains

Empire Appraisal Group

Cash-Out Refis Surge as Owners Use Equity Gains. With double-digit annual gains fueling homeowner wealth, owners have gotten richer, and they’re starting to take advantage of that added equity. tappable home equity reached a record high in October of $9.1

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Non-QM lenders are racing to stay ahead of rates

Housing Wire

Sprout Mortgage imploded in early July, leaving its employees out in the cold. The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding. It has since been sued by its former employees.

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