Mortgage Borrowers Lost a Record Amount of Equity in 3Q

National Mortgage News, Nov. 7, 2022–Bonnie Sinnock (subscription)
The home equity buffer that the mortgage industry is counting on to help sustain loan performance experienced a record drop in the third quarter. Homes collectively lost $1.3 trillion or 7.6% of their equity during 3Q, according to Black Knight.
https://www.nationalmortgagenews.com/news/mortgage-borrowers-lost-a-record-amount-of-equity-in-3q