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The one-year adjustable-rate mortgage was down 6 basis points compared to a week ago.
But still, mortgage activity declined 7 percent this week based on the Mortgage Market Index.
Business Deteriorates at LendingTree LendingTree Loans closed 43 percent fewer loans during the second quarter than it did a year earlier, according to earnings data from its parent company.
Matched requests at the exchanges segment tumbled 19 percent during the same period.
The company reported 38 fewer exchange segment closings.
Fifth Third Touts Refinance Ops Refinance volume at Fifth Third Mortgage Co. totaled $4 billion between April 2009 and now, the company reported.
Many customers are taking advantage of the lowest rates since the government's Home Affordable Refinance Program began, the announcement indicated.
On numerous occasions, Freddie Mac has recognized Fifth Third for running "one of the most efficient relief refinance operations in the country," according to the statement.
WA Implements Licensing Requirements Mortgage bankers and brokers in Washington now have to be licensed unless they work for a bank or credit union.
The Washington Department of Financial Institutions is charged with implementing the new rules.
New requirements for mortgage-loan originators who don't work for a bank or credit union include 20 hours of pre-license education.
Learn About the 2009 First-Time Home Buyer Tax Credit Attention potential home buyers! Take advantage of an $8,000 tax credit toward the purchase of a principal residence for first-time buyers on or after January 1, 2009 and before December 1, 2009. And to make the deal even better, the credit does not require repayment. It's all part of the American Recovery and Reinvestment Act.
Disclaimer:
John Mazzara is a licensed Realtor and is affiliated with RE/MAX Associates Plus in Edina, Minnesota.
Each RE/MAX office is independently owned and operated. John has sold homes since 1986 in Edina and
throughout the entire Minneapolis/St. Paul Metro area. We have a lot of relocation resources for
relocating to MN. Search for Minnesota Homes via our online MLS search at
http://www.minneapolisstpaulhomes.com or by phone at 952-929-2577.
This Website-www.realitybasedrealestateinvesting.com is owned and operated by Venture Development-a
Minnesota Mortgage broker providing mortgage loan financing. We are a private
company and not a government agency or the federal government.
John Mazzara is a licensed Realtor and is affiliated with RE/MAX Associates Plus, 7300 France Ave S, Suite 410, Edina, MN 55435.
Each RE/MAX office is independently owned and operated. John has sold homes since 1986 in Edina and throughout the entire
Minneapolis/St. Paul Metro area. We have a lot of relocation resources for relocating to MN.
Search for Minnesota Homes via our online MLS search at
http://www.minneapolisstpaulhomes.com/ or
by phone at 952-929-2577.
