Death of Mortgage Refinance Pt. 2: EPIC Drop in Home Refis Took Place Already

``Since the MBA weekly application survey draws its figures from a small number of big retail lenders’ that have gained a huge portion of market share, while it can be accurate from week to week, month to month, and maybe last year to this year, you just can’t compare one era to another. Matter of fact, due to the huge flip flop in market share (80/20 to 20/80 wholesale to retail) over the past couple years, the data is ridiculously off.''