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Loan Modification

: Mortgage Lender Implode-o-Meter

cash-in refinances rise in latest quarter

By Implode-Explode Heavy Industries

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"During the second quarter, 22 percent of homeowners who refinanced their mortgages lowered their principal balance by bringing in additional money at closing, Freddie Mac reported today. It was the third highest ?cash-in refinance? share since Freddie Mac began keeping records on refinancing trends since 1985."

Full post as published by Mortgage Lender Implode-o-Meter on July 29, 2010 (boomark / email).

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