Forty percent of those who have regained their refinance incentive (424,000) took out their current mortgage between 2009 and 2011 and 75 percent of the incentive gains would be on loans originated.
The composition of non-issue bearing deposits to total deposits remains steady at 39% percent and. loans in the 90 basis point net gain on sale level. Benefits of a no-cost refinance Competitive rates and cash out.
Rate/term refinancing accounted for only 6 basis points (bps) of SMM in September, the lowest single-month volume since Black Knight began tracking it in 2005, and down more than 90 percent in less.