Industry News

Freddie Mac: Cash-out refis up in first quarter

More borrowers end up with higher loan amounts
Published on May 2, 2006

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by CareyBot

In the first quarter of 2006, 88 percent of Freddie Mac-owned loans that were refinanced resulted in new mortgages with loan amounts that were at least 5 percent higher than the original mortgage balances, according to Freddie Mac’s quarterly refinance ...

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