CYS Investments Inc (CYS) - $7.44 -0.06 (-0.80%)
Company DescriptionCYS Investments, Inc. is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through securities for achieving consistent risk-adjusted investment income.
Why refinance applications tanked and policy could have an impact
The Refinance Index fell 17.5% (from 1,942 to 1,602) even though rates were flat. The MBA reported that the share of refinance applications fell to 63.2%.