Wednesday, February 08, 2006

Real Estate Cash Out

According to Inman news: A full 80% of Freddie Mac owned loans that were refinanced in the fourth quarter resulted in mortgages with loan amounts that were at least 5% higher then the original mortgage balances. This percentage is up from the third quarter of 2005, when the loan share of refinanced loans took cash out was 73%, and is the highest since the third quarter of 2000.


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