"The Financial Crisis, In Rhyme Form"

“The Financial Crisis, In Rhyme Form”

“The volume of mortgages written back then Stunned imaginations. In a single quarter in 2003, A trillion in originations! But something happened late that year That caused long rates to rise. And that was the end of the refi boom. It came as quite a surprise.” Read more here. “The Financial Crisis, In Rhyme Form”…

Tom Duncan

•

February 11, 2010

“The volume of mortgages written back then
Stunned imaginations.
In a single quarter in 2003,
A trillion in originations!
But something happened late that year
That caused long rates to rise.
And that was the end of the refi boom.
It came as quite a surprise.”

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