The Pulse

J.D. Power and Associates reports: Customer commitment to retail banks declines for second consecutive year
Driven by declines in both satisfaction and brand image, customer commitment to retail banks has decreased in 2009, according to the J.D. Power and Associates 2009 Retail Banking Satisfaction Study. This marks a steady decline in customer... Read more
Purchase activity increases, refinance applications decrease in latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending May 29, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 658.7, a decrease of 16.2 percent... Read more
MBA study: Commercial and multifamily mortgage delinquency rates continued to rise in Q1
The weakening economy and continued credit crunch led to increases in commercial/multifamily mortgage delinquencies during the first quarter of 2009, according to the Commercial/Multifamily Delinquency Report, released today by the... Read more
United Way recognizes Wells Fargo with two Summit Awards for community efforts
United Way of America recently honored Wells Fargo & Company with two Summit Awards, part of its Spirit of America Awards program, recognizing the company’s outstanding commitment to Community Impact and Community Volunteerism. “In... Read more
FDIC board approves the creation of an Advisory Committee on Community Banking
The FDIC Board of Directors has approved establishing the FDIC Advisory Committee on Community Banking to provide the FDIC with advice and guidance on a broad range of important policy issues impacting small community banks throughout the... Read more
NAHB reports on April numbers: New home inventories continue to shrink
The number of newly built single-family homes on the market shrank to 297,000 units in April, thinning supplies to their lowest level since May 2001, according to government figures released today. The report noted that the pace of new-... Read more
Treasury Department and HUD announce $419 million in Recovery Act funds to create jobs and affordable housing
As part of the Obama Administration's effort to create jobs and ease pressures on the housing market, the U.S. Department of the Treasury today announced more than $330 million in American Recovery and Reinvestment Act (Recovery Act)... Read more
NMP's Market Barometer: June 2009 Part I
Provided exclusively to National Mortgage Profesisonal Magazine by David Beadle, president of BestInfo Inc., home of the BestRates cell, pager and e-mail rate alert service for mortgage industry subscribers. Send your inquiry to BestRates@... Read more
FDIC adopts final rule imposing a special assessment on insured depository institutions
The Board of Directors of the Federal Deposit Insurance Corporation has voted to levy a special assessment on insured institutions as part of the agency's efforts to rebuild the Deposit Insurance Fund (DIF) and help maintain public... Read more
NAHB reports: Multifamily builder confidence up from record lows
Recent hints of optimism in the housing industry appear to have spread to the multifamily sector, according to the latest results of Multifamily Rental Market Index (MRMI) and the Multifamily Condo Market Index (MCMI), released by the... Read more