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Refinance transactions take downward turn going into new year Part II
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Industry News, Operations
Tuesday, January 14, 2014
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The refinance market and activity has dropped precipitously from the middle of last year to the end of the year according to Craig Muldoon, executive vice president and co-founder of RedVision. He told The Title Report that RedVision’s customers have seen anywhere from a 30-60 percent drop-off in business. The agencies that suffered the most were those that were more reliant on the refinance side of the industry.
In Part II of this series see how this trend has affected agents across the country.
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