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Fannie Mae Refinancing Volume Largest Since 2003

By KELLY CURRAN

Fannie Mae’s (FNM: 0.6937 +0.54%) refinancing volume jumped to $77 billion in March, nearly twice the refinancing volume it experienced during the month of February and its largest refinance month since 2003, the company said Tuesday. “The volumes we are seeing are very encouraging,” said Tom Lund, executive vice president, Single-Family Mortgage Business. “A majority of [...]

Full post as published by Housing Wire on April 07, 2009 (boomark / email).