– 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.”

Read more here.

“The Financial Crisis, In Rhyme Form”
Karl Case
Via the Reason Foundation, February 10, 2010.
Posted by Anthony Randazzo.

Tom Duncan

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