Citizens Home Loan announces new five-year option ARM

National Mortgage Professional

May 09, 2007

IndyMac Bank introduces lot loan refinancingMortgagePress.comLot loan refinancing IndyMac Bank FSB has launched a lot loan refinance program that provides individuals who have an existing lot loan with rate and term refinance alternatives. "IndyMac's new lot loan refinance program is an indication of our determination to continually expand our product offerings and provide mortgage brokers and bankers with a diverse array of loan options that best fit their customers' needs," said Drew Buccino, executive vice president of IndyMac Bank's Home Construction Lending division. "Our primary goal is to make an originator's job as simple as possible and offer them the means to continue growing their loan volume and customer base." IndyMac Bank FSB is a savings and loan and independent mortgage lender based in Pasadena, Calif. For more information, call (800) 425-5626 or visit http://hcl.indymacbank.com.

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May 09, 2007

Analysis and Data

Existing-Home Sales Fell Again In July

Median house price was $403,800, up nearly 11% YOY, but down from June.

Sales of existing homes fell nearly 6% in July, the sixth straight-monthly decline, with all four U.S. regions recording fewer sales, the National Association of Realtors said today. Total existing-home sales — completed transactions that include single-family homes, townho...

Analysis and Data

Mortgage Rates Dip Slightly

Home purchase demand expected to drag through the end of the year.

Freddie Mac’s weekly Primary Mortgage Market Survey report released Thursday shows that fixed mortgage rates averaged 5.13%, leading to an expectation that purchase demand will likely continue to drag over the rest of the year and home price growth will decelerate. “Inflat...