Lenders adjust to REFI DECLINE

Ross, Katie
November 2013
Journal of Business (10756124);11/7/2013, Vol. 28 Issue 23, p25
Trade Publication
The article discusses the decline in lender refinancing for home mortgage that has resulted in unemployment by some institutions in the U.S. and prompted them to focus on purchasing homes. It notes the decrement in jobs by the Sterling Bank in Spokane, Washington due to fluctuating refinancing activity. It mentions the climbing interest rates due to quantitative easing by the Federal Reserve as per Tom Johnson, chief executive officer of Spokane Teachers Credit Union in Washington.


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