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Mortgages Decline 31% in 2014, HMDA Data Shows

Mortgages Decline 31% in 2014, HMDA Data Shows

September 22, 2015
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The number of mortgage originations dropped 31% to 6 million in 2014 due largely to a decline in refinancing as interest rates increased, according to a report issued Tuesday by the Federal Financial Institutions Examination Council.

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