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Longtime executive takes on expanded leadership role as lender grows its home equity offerings for older homeowners
Massachusetts, Maine, and Illinois are expanding oversight of home equity financing
ICE reports $17.5 trillion in homeowner equity, while cash-out refinances account for 75% of servicers' refinance-related loan losses
NAR finds nearly one-third of repeat buyers pay cash, narrowing the pool of financed purchase transactions for lenders
Lenders report rising second-lien production as homeowners protect low first-mortgage rates
First American finds that locked-in accessible equity declined even as total equity reached a record $13.2 trillion