Application Activity Increases 6.9% on Pickup in Refis

Source: Source Media, Inc.

The Mortgage Bankers Association reported a 13.5% jump in the Refi Index to~ 3935 for the week ending April 13, its highest level since the week ending March 9. Analysts at Morgan Stanley noted in recent research that there is a clear focus across all servicers on boosting HARP refis and that Citi- serviced pools are moving in on speeds of Chase-serviced ones.

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