Mortgages One Of Bove’s Four Apocalyptic Risks For U.S.VW Staff
Recent news out of the home finance industry has been rather sombre.
The results of a survey by the Mortgage Bankers Association showed that mortgage applications declined 7.2% in the week ending September 5, 2014 compared to the preceding week, as measured by the Market Composite Index which tracks mortgage loan application volume. On a seasonally adjusted basis this index was down 7.2% versus the previous week, and touched its lowest level since December 2000 . . .
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