The MBA refi index more than doubled in the middle of June as the FHA streamline program launched. But because major banks said they would not use their correspondent channels for the effort, demand could dry up by August.
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Source: http://feedproxy.google.com/~r/housingwire/uOVI/~3/NicGWRUgfjw/mortgage-refi-boost-may-be-short-lived
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