Countrywide Leads Refinance Market That Continues to Defy Expectations in 2006
September 28, 2006
Refinance activity is supposed to wax and wane like the phases of the moon as interest rates rise and fall through time, but 2006 is proving that there is now a substantial built-in demand for home loan refinancing. An estimated $724.0 billion of refinance mortgages were originated during the first half of 2006, or 48.1 percent of total production. While not much of that business is tied to traditional rate/term refi activity, consumer demand for cash-out transactions remains strong...[Includes 1 full page of charts]
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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