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» Refinance Business Soars to 76 Percent of First-Quarter Originations; Wells Tops in Purchase-Money Lending
Refinance Business Soars to 76 Percent of First-Quarter Originations; Wells Tops in Purchase-Money Lending
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An estimated $620 billion of mortgage refinance loans were originated during the first quarter of 2003, accounting for 76 percent of total production during the period, according to a new analysis by Inside Mortgage Finance.