Direction of Mortgage Applications Clouded by Data Differences
Posted by Paul Jackson on Jul 2nd, 2008
2008
Jul 2
Two different indexes tracking mortgage activity yielded wildly different conclusions Wednesday, leaving some investors to conclude that the number of distressed borrowers may yet be understated in key industry statistics.
A widely-watched index released by the Mortgage Bankers Association Wednesday morning found that overall application activity — fueled by both purchase and refinance applications — [...]