Mortgage finance giants Fannie Mae and Freddie Mac may not even exist in their current forms after a revamp of the U.S. housing finance system, Assistant Treasury Secretary Michael Barr said on Tuesday. Moreover, “private gains…
The number of applications for mortgage loans fell last week as demand for refinancing loans weakened.
The total loan applications index fell 8.9% on a seasonally adjusted basis from a week earlier, with applications for refinancing loans slipping 10.8%, the Mortgage Bankers Association said. These figures include an adjustment to account for the Labor Day holiday.
Applications for…
Continue reading Mortgage Applications Drop on Weaker Demand for Refinancing
Mortgage Applications Drop on Weaker Demand for Refinancing originally appeared on DailyFinance on Wed, 15 Sep 2010 09:10:00.
Filed Under: Economy, Investing, Real Estate, Credit
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