GSE Refinances Fall, HARP Plunges

Government-sponsored enterprise refinances have tumbled on a year-over-year basis, with volume from the government’s program sinking.

Primary originators of home loans refinanced 170,323 mortgages backed or owned by Fannie Mae and Freddie Mac during all of July.

Refinance production diminished when compared to one month prior, a month when there were 177,090 residential GSE loans refinanced.

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From:: Financing