Real estate blog entries tagged with refinance by Kevin Rhodes

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Home : Blogs : Kevin Rhodes : Kevin Rhodes's Blog : Tag "refinance"

refinance: Weekly Mortgage Applications Statistics - 11/10/08 10:38 AM

According to the weekly Mortgage Bankers Association data, mortgage applications were down more than 20% for the week ending November 5, 2008. Refinance business was down more than 25% from a week earlier and purchase business down nearly 14%. Below is a recap of the numbers. Seasonally Adjusted Total Mortgage Activity: Down 20.3% MBA Market Index Now: 379.9 Index One Week Earlier: 476.7 Unadjusted Basis Total Mortgage Activity: Down 21.1% One Year Ago: Down 43.4% Seasonally Adjusted Refinance Activity: Down 27.8% Index Now: 1075.4 One Week Earlier: 1489.4 Purchase Activity: Down 13.9% Index Now: 260.9 One Week Earlier: 303.1 Percentage of … (1 comments)

refinance: Fremont Sends Employees Packing With Subprime Exit - 03/08/07 01:17 PM

Fremont General Corp. has put a number of their employees on paid leave "pending further information" after the company was issued a cease-and-desist which prompted an exit from the subprime business.The cease-and-desist issued by the Federal Deposit Insurance Corp. (FDIC) demanded the end to 14 violations including ``unsatisfactory lending practices'' and ``operating with a large volume of poor-quality loans.'' Santa Monica, California-based Fremont recently announced that it would delay reporting earnings for the fourth quarter, as well as annual results, a move that sent company shares to their lowest level since 2003.Following the announcement, Fitch Ratings put Fremont on "Rating Watch … (0 comments)

refinance: Mortgage Applications Decline - 01/25/07 05:17 PM

Mortgage Applications Decline for the Week Graph: MBA Applications Index over 52 WeeksMortgage demand was on the decline for the week as applications both refinances and purchases dropped noticeably. For Week Ending: January 19, 2007Seasonally AdjustedTotal Mortgage Activity: Down 8.4%MBA Market Index Now: 611.3Index One Week Earlier: 667.2Unadjusted BasisTotal Mortgage Activity: Down 5.7%One Year Ago: Up 3.8%Seasonally AdjustedRefinance Activity: Down 9.6%Index Now: 1848.8One Week Earlier: 2045.8Purchase Activity: Down 8.4%Index Now: 402.7One Week Earlier: 439.7Percentage of Total ActivityRefinance Share: 47.8%One Week Earlier: 49.9%Adjustable-Rate Mortgage (ARM) Share: 20.3%One Week Earlier: 21.2%Source: Mortgage Bankers Association
… (1 comments)

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Kevin Rhodes

Bridgeport, CT

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