With refinancing activity booming, the optimistic sales forecasts make more sense.
But once refinancing starts to slow, banks may face lower margins as they run out of dry powder.
Greenberg says he was approached by a representative of the bank about refinancing an existing loan.
There were also loans totaling $40,000 for refinancing the mortgage on the Hampton's million-dollar home.
refinancing activity is picking up and and now constitutes 83 percent of all mortgage applications.
These bonds represent a convenient method of investment for small savers, and also an anti-inflationary method of refinancing.