Industry News

Cash-out refinancing activity up, Freddie Mac says

74% of Freddie's loans in second quarter were cash-outs
Published on Aug 2, 2005

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by CareyBot

A full 74 percent of Freddie Mac-owned loans that were refinanced in this year’s second quarter resulted in new mortgages with loan amounts at least 5 percent higher than the original mortgage balances, the mortgage giant reported today. Lower than ...