Relevant:
- Raw Application Volume Rises as Household Apps Retreat
- Mr Mortgage: Engineering the Housing Bubble Through Monthly Payments
- Mortgage applications surge 5.8 percent, as rates briefly dip (BUT LID STILL ON HIGHER-RATE MARKET)
- Mortgage App Volume Falls, But Household Apps Rise
- Application Volume Falters as Rates Inch Upward
2008-05-21 — ml-implode.com
``In a nutshell, all increased mortgage volume is great. But, when exotic interest only programs and high loan-to-value FHA programs make up the lion’s share of the volume, you have to be skeptical about the numbers and the quality of the business.''
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