The dearth of home purchases has forced lenders to search every nook and cranny for mortgage volume, and some are looking in the last place you might expect: refinancings.

There is a glimmer of hope among these lenders that the rebound in home prices will finally prod those remaining underwater borrowers who have not yet refinanced to finally do so at any dip in interest rates.

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Authoritative analysis and perspective for every segment of the mortgage industry