Archive for the ‘New Mortgage’ tag
How To Track Mortgage Rates Using The Stock Market (This Week)
Home buyers and other people in the market for a new mortgage should be thanking the Fed right now. In its post-meeting press release last week, the Federal Open Market Commitee made a few choice statements about the economy that helped mortgage rates fall for the first time in 6 weeks. The first…
Read the full post at http://www.themortgagereports.com
IndyMac Joins Roster of Banks to Fold its Mortgage "Tent."
IndyMac has announced that, effective yesterday, it
is closing both its wholesale and retail production channel and will no
longer accept any new mortgage loan submission or rate locks. It will
also reduce its workforce to around 3,200 from the
current level of 7,400. The bank will also, apparently, continue its
other retail banking operations.
The stock had reached $.71 cents Monday after trading as high as 31.32
in the last year and was delisted from NASDAQ.