Refinance Volume Carried a Faltering Mortgage Market in Early 2008, Countrywide Led the Pack
June 19, 2008
Refinance lending has become a key component of the U.S. mortgage market in recent years, accounting for over half of new production over the past four years, but it became even more important as the housing market slump worsened in early 2008. A new analysis and ranking by Inside Mortgage Finance reveals that 62.5 percent of new loans originated in the first... [Includes one chart and one graph]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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