Intercontinental Exchange released a mortgage report showing record home equity and 2.4 million mortgage holders with at least $1 million in equity, up 6% in a year. It does not report new ICE customers or sales, so it gives no clear change to the company's outlook.
More homeowners have equity lenders may use to shape customer outreach. The report does not say lenders changed their behavior or ICE gained customers, sales, or profit. So it gives no clear sign of a change in ICE's business outlook.
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