Trade group cuts mortgage volume forecast for 2009 (AP via Yahoo! News)
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A key industry group on Monday slashed its estimate for mortgage volume by 27 percent because of higher interest rates and the slow start to the government’s refinance program.
UMW to issue Islamic papers (The Star)
KUALA LUMPUR: UMW Holdings Bhd has set up a programme to sell up to RM800mil of Islamic paper to refinance its borrowings and for working capital.
Treasurys up after strong auction of 2-year notes (AP via Yahoo! Finance)
A strong government auction of two-year notes Tuesday pushed down Treasury yields for a third straight day. Robust demand at Treasury auctions is a good sign for potential homebuyers and homeowners looking to refinance.
