Mortgage activity increases for second straight week
But total volume is still 53% below last year’s level, while Fannie Mae found the dollar value of refinances down by over 70%.
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But total volume is still 53% below last year’s level, while Fannie Mae found the dollar value of refinances down by over 70%.
Personal finance expert Suze Orman joins "Influencers with Andy Serwer" to discuss the U.S. housing market.
The government-sponsored enterprises' new Refinance Application Level Index pulls Desktop Underwriter data in order to give lenders and mortgage-backed securities investors insight into prepayment trends.
Congress- U.S. Senate- Committee on Banking, Housing, and Urban Affairs- Hearing: Considering the Index Fund Voting Process-
Fannie Mae will track refinance activity and application trends through its newly launched Refinance Application-Level Index (RALI).