Industry News

Cash-out refinancings hold steady

72% of Freddie Mac's loans in third quarter were cash-outs
Published on Nov 1, 2005

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by CareyBot

A full 72 percent of Freddie Mac-owned loans that were refinanced in the third quarter resulted in new mortgages with loan amounts that were at least 5 percent higher than the original mortgage balances, the mortgage giant reported today. This ...