Favorable mortgage rates cause surge in loan applications
July 31, 2009
By FRANK DUNNE JR. On the other hand, the increase in applications hasn’t necessarily translated into more loans. The Wall Street Journal reported this week that loan portfolios at 15 of the nation’s largest banks declined by 2.8 percent in the second quarter, citing conserving capital as a hedge against existing bad loans.
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Favorable mortgage rates cause surge in loan applications
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