Mortgage Cash-Out Refinancing Hits Record, Resembles Behavior that Led to 2008 Crisis
![Mortgage Cash-Out Refinancing Hits Record, Resembles Behavior that Led to 2008 Crisis Mortgage Cash-Out Refinancing Hits Record, Resembles Behavior that Led to 2008 Crisis](https://i0.wp.com/tallahasseereports.com/wp-content/uploads/2015/05/NEWHOME.jpg?fit=500%2C375&ssl=1)
Americans have hit the highest share of cash-out refinancing since 2007 warns a recent Wall Street Journal article by Ben Eisen and Christina Rexrode. Specifically, more than 80% of borrowers who refinanced in the third quarter chose the “cash out” option, withdrawing $14.6 billion in equity out of their homes, according to government-sponsored mortgage corporation […]