The U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended Dec. 23 was 193. It was the slowest week for loan inquiries since the Thanksgiving index of 161. The 30-year mortgage average fell to the lowest on record, but an analysis of market data reported by the Department of the Treasury [...]
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Refis Retreat, FHA Share Up
November 12th, 2011
davidguide Refinance inquiries fell 19 percent from the prior week in the U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended Nov. 11. Two-thirds of weekly activity was for refinances. Federal Housing Administration share rose to 10.85 percent from the previous week’s 10.01 percent. View full post on Mortgage Stories
Home Lending Tumbles
August 8th, 2011
davidguide An analysis of second-quarter data by MortgageDaily.com indicates that industry-wide volume declined around 19 percent from the first quarter. Compared to the second-quarter 2010, volume was down 20 percent. Wells Fargo & Co. ranked as the biggest mortgage lender. View full post on Mortgage Stories
MetLife Lifts Production
July 31st, 2011
davidguide MetLife Home Loans closed around $195 million more in production during the second quarter than in the first quarter. Among lenders tracked by MortgageDaily.com , MetLife is the only company so far to report an increase in production from the first quarter. The company also added 200 mortgage employees during the latest quarter. View full [...]
Jumbo Rates Improve
June 25th, 2011
davidguide The conforming 30-year mortgage fell a little more than a basis point in the U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended June 24. But an even bigger decline was recorded for the jumbo 30-year mortgage. The disparate movement slashed the jumbo-conforming spread to 43 basis points from 50 BPS [...]
Provident Production Plummets
June 13th, 2011
davidguide Volume plummeted by 62 percent between the fourth-quarter 2010 and the first-quarter 2011 at Provident Funding Associates LP. In comparison, an analysis by MortgageDaily.com of first-quarter production indicated that fundings at all U.S. lenders were down just 34 percent. Deterioration at Provident was twice as bad as the industry as a whole. View full post [...]
Refis Strengthen During Holiday Week
June 5th, 2011
davidguide Inquiries for refinances rose 4 percent this week, according to the U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended June 3. Refinance share, meanwhile, expanded to 53 percent from 49 percent. The improvement in refinance activity came on the heels of Memorial Day. View full post on Mortgage Stories
Mortgage Market Improves
March 5th, 2011
davidguide Mortgage Market Index for the week ended March 4 was 206, marginally higher than 203 in last week’s report. The index from Mortech Inc. and MortgageDaily.com was 245 during the same week last year. Behind the weekly improvement was a 4 percent increase in purchase activity, while refinance transactions slipped 1 percent. View full post [...]
How To Become A Brazilian Bikini Wholesaler
February 25th, 2011
davidguide Definition of a Wholesaler Wholesaling, loosely defined, is the act of selling to anyone other than the end consumer. So, if you buy in bulk with the intention of selling to others for a profit, you are a wholesaler. It’s a great way to make money, and get some products for yourself super cheap!! Especially [...]
Best Buy Announces Nationwide Rollout Catered to Health and Fitness Products
December 17th, 2010
davidguide MINNEAPOLIS–(BUSINESS WIRE)–Today Best Buy (NYSE:BBY) announces the national rollout of health and fitness products at 600 Best Buy stores across the country and online at Bestbuy.com. The selection aims to satisfy consumers’ health and fitness needs through an array of traditional and new connected offerings for holiday gifting and just in time for New Year [...]
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