AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
A Permanent Refi Boom?(Brief Article)
With mortgage rates at a four-decade low, it's little wonder that refinancing continued to account for about three-quarters of loan applications.
But at least one economist believes that even when interest rates start to rise, lenders may be surprised to see how heavy the refinancing business remains.
Even without a rate incentive, refinancing accounts for an estimated 23%-25% of the loan market as homeowners change loan products or tap into their equity, according to Douglas Duncan, chief economist of the Mortgage Bankers Association of America.
He believes that this kind of "strategic" refinancing is on the rise. Consumers are learning to adjust their mortgage debt amount and product type to manage their financial portfolio.
At the MBA National Mortgage Servicing Conference here,
Mr. Duncan said that the mortgage industry eventually will see "burnout," a point at which most borrowers who can refinance will have done so. But he reminded lenders that not all ...
- Parallels Between the Refi Boom of 1992-1993 and the Current One.
- Magazine article from: National Mortgage News Sinnock, Bonnie May 7, 2001 700+ words
...2001 we've seen a lot of the words "refi boom," terminology that was still officially...s questionable as to how 2001's refi boom will ultimately measure up to 1992...Copyright c 2001 Thomson Financial. All Rights Reserved.
- Refi Boom Goes Sonic.
- Magazine article from: National Mortgage News Sinnock, Bonnie January 22, 2001 700+ words
...week. During the last refi boom, the index breached the...which is would prolong the refi boom. David Lereah, the National...concern that arises during a refi boom is that the refinancing...Thomson Financial. All Rights Reserved.
- Mortgage Scene: Mega Servicers Start Your Engines: The Refi Boom Is at the...
- Magazine article from: Mortgage Servicing News February 1, 2001 700+ words
...club - this unexpected refi boom will create havoc for their...fast and so large. In a refi boom the axiom might be: the...harder they fall. Will the refi boom also spur more banks to...Thomson Financial. All Rights Reserved.
- Refi Boom Might Still Have Some Legs.
- Magazine article from: Mortgage Servicing News Cornwell, Ted July 1, 2005 700+ words
It was supposed to end. The refi boom, that is. Wake me up when it...historical trends for a post-refi boom environment. But with the average...News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews...
- The Refi Boom: Will It Sustain Long Enough to Reach 1998 Levels?
- Magazine article from: National Mortgage News Sinnock, Bonnie January 15, 2001 700+ words
...Kramer said. This leaves the current refi boom below the levels seen in 1998, when...jury is still out" as to how long the refi boom will last or how intense its effects...Copyright c 2001 Thomson Financial. All Rights Reserved.
- A Post Refi Boom Environment: Now the 'Fun' Begins.
- Magazine article from: Mortgage Servicing News Muolo, Paul September 1, 2003 700+ words
...begin to get more choosy? Once the refi boom ends will the servicing side of...they can make it until the next refi boom? There are plenty of questions...Copyright 2003 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia...
- How far will the refi boom go?(Brief Article)
- Magazine article from: Origination News Dymi, Amilda March 1, 2001 700+ words
...month were speculating on how far the "refi boom" might go this year. At one point...specialists were predicting that the ongoing refi boom will continue at least through June...Copyright c 2001 Thomson Financial. All Rights Reserved.
- Lenders Look to Cost Cutting as Refi Boom Wanes.
- Magazine article from: Bank Technology News Adams, John December 1, 2003 700+ words
...re coming off of the largest refi boom the nation has ever seen. Everyone...Desktop Underwriter. "As the refi boom comes to an end, all lenders are...Copyright 2003 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia...
- Refi Boom May Stimulate Spending.
- Magazine article from: National Mortgage News February 19, 2001 700+ words
...would be eligible for refinancing and we could see an incredible refi boom. Originations could climb to the $2 trillion level. And as a result...faster, Mr. Wyss warned. Copyright c 2001 Thomson Financial. All Rights Reserved.
- Marketing Post Refi-Boom.
- Magazine article from: Origination News Braheem, Tim September 1, 2004 700+ words
...support from my wife Anna at that critical time when the refi boom dwindled to a close and we became engaged in a purchase market...wins their loyalty. Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.originationnews...
Source: HighBeam Research, A Permanent Refi Boom?(Brief Article)