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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (58547)4/18/2006 11:59:37 AM
From: russwinter  Read Replies (4) | Respond to of 110194
 
Must be a lot of seedy churning.

Refinanceable mortgages as of 4/12, from Citicorp's mortgage analysis:

30 year: 5% four months ago: 8%
5/1 ARM: 10% four months ago: 19%
1 yr ARM: 24% four months ago: 62%



To: UncleBigs who wrote (58547)4/18/2006 4:35:56 PM
From: ild  Read Replies (1) | Respond to of 110194
 
<<<Wells Fargo mortgage originations last quarter were up 40% yoy.>>>

Size of average loan has grown dramatically YOY.


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