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The 0.7% YOY decline in Q1 is equal to an average loss of $5,400 per borrower from Q1 2022.
Total residential loans drops nearly 20% as just 1.25m loans were originated.
Report says second-mortgage production reached post-financial crisis high in 2022 before falling off this year.
'Tappable' home equity has grown by $3.4 trillion over the last three years.
Partnership with HomeLight allows home buyers to buy before they sell.
Black Knight's Mortgage Monitor Report says prices rose the most month over month since May 2022.
