Ohio industry appointments update - 06/28/2006

National Mortgage Professional

Jun 27, 2006

California industry appointments update - 06/28/2006MortgagePress.comCalifornia mortgage positions, IndyMac Bank - IndyMac Bank has hired Arlene Lam as an area sales manager, broker and emerging banker for its Mortgage Professionals Group's Southern California region and Raeshell Cheree Martin and Zoe Raithel as business development managers for its wholesale lending division's California region.

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Jun 27, 2006

Analysis and Data

Monthly Rental Costs Increase Putting Strain on Renters

Realtor.com reported Thursday that the median rent price hit $1,827 in April.

The relentless rise in the cost of rent continued in April with the 14th consecutive month of record setting prices. Realtor.com reported Thursday that the median rent price hit $1,827 in April, highlighting the affordability struggles reported by renters. “April data illu...

Industry News

Mortgage Industry Will Soon Be ARMed To The Teeth

ARM loans might be a saving grace to borrowers who recently purchased a home, but it comes with risks.

According to a new report by Redfin, the typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking out an adjustable-rate mortgage. That’s the largest savings in dollar volume for adjustable-rate mortgage (ARM) holders since at l...