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Application activity flat even though rates fell

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A contact in Oregon reported a modest increase in building and selling activity due in part to lower mortgage rates, though a few other contacts observed a slight decline in building activity in some areas due to softer demand.

Essent’s net income increases 39% on new policy growth For the quarter ended december 31, 2018, revenues were $889.9 million, a 16% increase (18% in local currency) relative to the comparable prior year period, adjusted ebitda (note 1) was $133.2 million,

May spot truckload freight volumes fell far short of typical seasonal trends, according to the most recent edition of the DAT Truckload Freight Volume Index.

Wells Fargo cements DeVito’s role as head of home lending SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) announced today that Franklin Codel, a senior executive vice president and head of its Consumer Lending organization, has been.

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Global gold jewelry demand fell ever so slightly in 2018, year-over-year, according to the World Gold Council. Total global demand in 2018 was 2,200 tons, a 0.04% decline from 2017. The flat 2018.

Two acquisitive mortgage bankers see first-quarter profits fall Overuse of GSE tools in the private-label market adds risk: Moody’s Millennials emerge as a bulwark against canada housing bust fannie Mae’s latest transaction reinsuring multifamily mortgages attracted additional participants, allowing the government-sponsored enterprise to offload more of the credit risk.Home prices in 20 U.S. cities rose in December at the slowest pace in four years, continuing to decelerate as buyers balked at purchases amid still-elevated housing costs and a falling stock market.Per loan profits of Independent mortgage banks and mortgage subsidiaries of chartered banks fell dramatically in the fourth quarter of 2017. The Mortgage Bankers Association (MBA) reported a net.

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Mid America buys $2.7 billion in Ginnie MSRs The non-agency mortgage bond market has contracted from $2.3 trillion in mid-2007 when a property bubble fueled by shoddy loans burst, according to Federal Reserve data. It’s fallen to about $970.

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In the past month alone, 30-year fixed-rate mortgages have hovered around 3.7 percent, nearly a three-year low. Britain’s vote to leave the European Union is expected to drive rates even lower..

Refinance mortgage application activity surged as interest rates fell to their lowest level since the start of 2018, but potential homebuyers remained sidelined due to economic uncertainty, according to the Mortgage Bankers Association.

However, the growth rate slowed somewhat, dipping from 21.4 in the first quarter to 17.4 in the second. The capital spending index dropped from 5.0 in the first quarter to 6.1 in the second, while.