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Home » Store » Inside The GSEs » Refinance Spurred Higher Originations In 3Q11, But Volume Remained Tepid

Refinance Spurred Higher Originations In 3Q11, But Volume Remained Tepid

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Inside The GSEs

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Refinance originations increased sharply during the third quarter, but relatively little of the gain came from the government’s streamlined program for borrowers with little or no equity. Analysts do expect an uptick in activity under the revamped Home Affordable Refinance Program, but many are braced for lackluster results. A total of $192.0 billion of refi loans were originated during the third quarter, up 31.5 percent from the previous three-month period. While that was significantly greater than the 7.3 percent growth in purchase-money...(Includes three data charts)
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