The spring homebuying season helped to increase purchase-mortgage lending by 40% from the first quarter to the second. Still, the purchase sector lost some market share in the first half of the year as refi business percolates. (Includes five data tables.)
A proposal from the Urban Institute calls for a revamp of the refi process to make it more equitable for lower-income borrowers and borrowers of color.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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