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Consumer Financial Protection Bureau

CFPB Report Finds Cash-Out Mortgage Refinance Borrowers Improve Credit Scores

January 24, 2025

Summary

The CFPB has released an analytical report examining the credit score outcomes for borrowers who utilize cash-out refinance mortgage products. The findings highlight statistical correlations between debt consolidation via cash-out refinances and subsequent improvements in consumer credit profiles.

Today, the Consumer Financial Protection Bureau (CFPB) published a report about financial outcomes for cash-out refinance mortgage borrowers.

Source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-finds-cash-out-mortgage-refinance-borrowers-improve-credit-scores/

Common questions

What does "CFPB Report Finds Cash-Out Mortgage Refinance Borrowers Improve Credit Scores" cover?
The CFPB has released an analytical report examining the credit score outcomes for borrowers who utilize cash-out refinance mortgage products. The…
Which agency issued this update?
This update was issued by Consumer Financial Protection Bureau.
When was it published?
It was published on January 24, 2025.

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