Sector Snap: Mortgage insurers surge on data – Forbes
DES MOINES, Iowa — Shares of mortgage insurers surged to new 52-week highs Wednesday as a trade group said in a monthly report that for the first time in four years, borrowers catching up on loans outnumbered those who fell behind. Mortgage …
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Shares of mortgage and life insurers jump, with shares of Genworth Financial and optimism about the extension of the home-buyer tax credit driving financial-sector gains. MarketWatch’s Greg Morcroft reports in New York. Go to Source…
Mortgage loan applications surged 23% last week, according to the Mortgage Bankers Association, as record-low interest rates convinced many homeowners it was time to refinance into lower-cost loans. Refinancing activity climbed 26.4% during the week ending … Go to Source…
NEW YORK – Applications for home mortgages surged last week, racking up the biggest increase in four months on a flood of refinancing demand as interest rates remained low, an industry group said on Wednesday. The Mortgage Bankers Association said its … Go to Source…
NEW YORK (AP) – A trade group says mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades. The Mortgage Bankers Association said Wednesday the gain was fueled by a 5 … Go to Source…
Applications for U.S. home mortgages surged last week, driven by increased refinancing demand as interest rates dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application … Go to Source…
LONDON, Jan 15 (Reuters) – European shares fell further in afternoon trade on Friday, tracking losses in Wall Street following JPMorgan Chase & Co ( JPM.N ) quarterly results and U.S. consumer sentiment data. JPMorgan reported deep losses on mortgage … Go to Source…
NEW YORK — Rates on fixed mortgages edged up this week, inching further away from the lowest level in decades. Freddie Mac said Wednesday the average rate for 30-year fixed loans rose to 4.40% from 4.39% last week. Two weeks ago, the rate hit 4.17%, the … Go to Source…
NEW YORK, NY — With the Financial Crisis showing no signs of slowing, Mortgage Insurers continue to struggle. The amount of underwater mortgages and loan delinquencies remain high, and despite low interest rates for home loans, many people … Go to Source…
BANGALORE (Reuters) – Everything seems to be going downhill for U.S. mortgage insurers. For some, the wounds inflicted by the housing crisis may prove fatal, and those that soldier on may be barred from writing new insurance as they hold too much risk … Go to Source…
BusinessWire – Fitch Ratings has published its U.S. CMBS Focus Performance Report on J. P. Morgan Chase Commercial Mortgage Securities Corp., series 2007-LDP10 (JPMCC 2007-LDP10). The report provides a detailed and up-to-date perspective on key … Go to Source…
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