In recent industry news, a mixed trend was observed in the Mortgage Bankers Association’s component indices. While most indices experienced a decline, the government index stood out by showing a significant rise. This increase can be attributed to the growing popularity of VA streamline refinances, leading to more offerings in this sector.
Key points from the text include:
– Mortgage Bankers Association’s component indices experienced a mixed trend
– Most indices declined except for the government index
– The rise in the government index was driven by an increase in VA streamline refinances
– VA streamline refinances are becoming more prevalent in the mortgage industry, leading to an uptick in offerings in this sector.
You can read this full article at: https://www.housingwire.com/articles/va-streamline-refis-ruled-the-mortgage-market-in-september/(subscription required)
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