Archive for June, 2010

Fairway Independent Mortgage Corporation Rate Sheet Provided By John Engel


Effective June 1st, the mortgage industry is instituting a new requirement intended to make sure a purchasers debt picture has not changed since the file was initially underwritten.  Sounds like a process that makes sense?  Yes, in this day and age of risk aversion, it is surprising it took this long to be in place. [...]

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Refi’s Increase Slightly this week while Purchase’s Decline


WASHINGTON, D.C. (June 2, 2010) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 28, 2010.  The Market Composite Index, a measure of mortgage loan application volume, increased 0.9 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased [...]

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