Positive News On Real Estate » loan applications http://www.positiveonrealestate.com Positive Real Estate News Thu, 09 Feb 2012 15:34:35 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Mortgage Aps Flood Lenders in December http://www.positiveonrealestate.com/pr/30 http://www.positiveonrealestate.com/pr/30#comments Tue, 23 Dec 2008 23:32:41 +0000 admin http://www.positiveonrealestate.com/?p=30

A flood mortgage applications have besieged lenders because of record interest rates, and are reassigning scores of workers to handle the crush of would-be borrowers.

WSJ

A large percentage of the applications are for refinancings rather than purchases, and the phenomenon is so new it isn’t yet clear how many of the borrowers will actually receive loans. But some bankers say it could be the beginnings of a possible turning point in a battered lending sector and a still-weak housing market.

Low prices and low rates have caused the surge of loan applications.

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