Friday, October 12, 2012

Fairway Mortgage puts Boots on the Ground and Keys in the Pockets of Wounded Vets

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Oct 12, 2012 10:48AM

Fairway Mortgage puts Boots on the Ground and Keys in the Pockets of Wounded Vets

(This is the first in what will be a series of articles featuring mortgage companies and individual professionals who are giving back to their communities. If you or your company has adopted a school, sponsored a community event, or pitched in to help someone in need, drop us a line and tell us about it.) Like most mortgage companies, Fairway Independent Mortgage Company's business model involves putting people in their own homes. But Fairway and many of its employees are putting a new spin on that...

Oct 12, 2012 11:33AM

Strong Mortgage Production Leads to Record Profits at JP Morgan and Wells

Two of the nation's largest banks published third quarter earnings today and both credited their respective mortgage businesses for part of their substantial increase in income. JP Morgan Chase reported record net income of $5.7 billion and Wells Fargo said its income for the quarter was $4.9 billion. Chase reported Net Revenue of $25.15 billion compared to $22.18 billion in the second quarter and $23.76 billion in the third quarter of 2011. This represented a net increase in revenue of 13 percent...


Micro News

2:30 PM:

More Pronounced Negative Reprice Risk As MBS Make New Lows

2:02 PM:

MBS Hit Lows. Negative Reprice Risk Increases

12:59 PM:

After Late Morning Spike, MBS Fall Back In Line

10:02 AM:

ECON: Consumer Sentiment Jumps To Five Year High

9:16 AM:

Bond Markets Slightly Stronger In Impressively Inconsequential Trading

8:43 AM:

ECON: Producer Prices Rise More Than Expected But Core Stays Tame

1:19 PM:

MBS Fall Moderately But Quickly Following 30yr Auction. Now Bouncing Quickly Too!

12:09 PM:

30yr Auction Preview; MBS At Session Highs

Around the Web

Video News

Shiller: Why Bernanke Can't Fix Housing On His Own

Housing Turned the Corner?

Santelli's Morning Bond Update


Today's Comments

Frank Ceizyk

"Now we're getting somewhere. At least you admit low rates on their own can't cause price appreciation, thank you. Higher rates in 2006 didn't..."

CompetitionBenefitsConsumers

"Frank, Yes, I've been busy. By all definitions it was frenzy, nobody but you disagrees. Prices did not go up in 2009, 2010, and 2011 because the flow..."

Steve Geryk

"Exactly Frank. It is not the appraisal killing the deal."

Today's Q&A

"Refund for appraisal due to appraisal not being completed"

"Are banks required to provide a copy of closing documents AFTER they have also signed the documents?"

"What is Locksmith House?"