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Home » Wells Fargo Leads IO Loan Pack at Midway Mark
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Wells Fargo Leads IO Loan Pack at Midway Mark

August 11, 2006
Rising interest rates, regulatory uncertainty and strategic shifts by mortgage lenders appear to have taken a toll on the market for interest-only loans, where volume was down in the first half of 2006.Inside Alternative Mortgages estimates that $270 billion in new IO loans were originated through the end of June. That marked a 17.4 percent drop from the estimated $317 billion in new IO loans that were originated during the same period...[One data table included]
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