Refinance Share Drops in Second Quarter Mortgage Originations; Chase Catches Up
September 18, 2008
Refinancing remained the major reason borrowers took out a new mortgage during the second quarter of 2008, although the refi share of new production dropped significantly, according to a new market analysis and ranking by Inside Mortgage Finance. An estimated $232.0 billion of refinance mortgages were originated during the second quarter, down 23 percent from the first... [Includes one chart]
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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