With Christmas fast approaching, loan originators had rate locks on fewer loans this week. Refinance activity had the biggest impact on weekly activity, though conventional locks also significantly impacted the index. The U.S. Mortgage Market Index from Mortgage Daily for the week ended Dec. 14 was 192. An improvement to the data source has been [...]
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Jumbo Business Leads Rise in New Activity
July 29th, 2012
davidguide New mortgage activity inched higher this past week with jumbo loans leading the gain. The boost in jumbo business was fueled by a drop in the spread between jumbo and conforming pricing. Demand for government-insured loans and adjustable-rate mortgages, however, turned lower. A sudden surge in long-term Treasury yields today points to higher mortgage rates [...]
Mortgage Business Declines, Record Rates Ready to Rise
June 23rd, 2012
davidguide A new low for mortgage rates wasn’t enough to stimulate new loan activity. But jumbo business managed a gain despite continued deterioration in the premium for jumbo financing. Record rates are set to rise in the next report. Mortgage loan originators were less busy this past week, pulling 3 percent fewer pricing inquiries than they [...]
New Business Tumbles at Freddie
May 26th, 2012
davidguide New business sank to the lowest level since last summer at the Federal Home Loan Mortgage Corp., and the book of business has fallen by more than $100 billion during the past year. While there was no change in the rate of residential delinquency, performance on apartment loans deteriorated. The McLean, Va.-based company reported that [...]
GSE Multifamily Business Growing
April 20th, 2012
davidguide The volume of new financing for apartment properties has grown at both the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. First-quarter multifamily issuance at Fannie Mae was $7.1 billion. The secondary lender’s volume was 44 percent more than securitizations during the first-quarter 201 View full post on Mortgage Stories
Loan Performance Continues Improving at Radian
March 7th, 2012
davidguide Delinquency has declined for two consecutive months at Radian Group Inc. While there was no month-over-month change in new polices written, activity more than doubled from the same month last year. The mortgage insurance company reported $2.0 billion in primary new insurance written during February. There was no change in business volume from January. View [...]
Holiday Hangover Hampers New Business
January 7th, 2012
davidguide Business picked up from the Christmas week but was still anemic. At 183, the U.S. Mortgage Market Index from Mortech Inc. and Mortgage Daily for the week ended Friday was 40 percent higher than in the previous report. The index, however, slipped 1 percent from the same week in 2011. View full post on Mortgage [...]
Financing Your Color LED Sign
October 27th, 2011
davidguide Every company should have a marketing budget of some kind, which is set aside to pay for advertising, signage and other forms of publicity. A good marketing plan is essential for any company that wishes to survive in today’s world, and indispensable for any organization that intends to develop and prosper. As an integral element [...]
Refis Down More than a Quarter
October 15th, 2011
davidguide Refinance inquiries dropped 27 percent over the past seven days, according to the U.S. Mortgage Market Index report. Refinance business was 21 percent lower than last year at this time. The refinance share was 65 percent, down from 71 percent last week. View full post on Mortgage Stories
Make Money Through Home Based Business
October 2nd, 2011
davidguide One way that people choose to make money from home is through a home based business. There are many reasons that this choice is one that makes sense. It offers the owner many options that may not be present in all work from home jobs. An advantage of having your own business is that of [...]
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