First Security Lending launches mortgage planning division

Jan 24, 2007

Primary Capital enhances high-LTV loan programMortgagePress.comHigh loan-to-value mortgages Primary Capital Mortgage has expanded its high loan-to-value loan program to include increased loan amounts, extended lock periods of up to 180 days and non-warrantable condos. Full-document loans for owner-occupied primary residences will now be available for up to $1 million. Stated-income loans will be available for up to $750,000, and second-home loans will be available for up to $650,000. Primary Capital Mortgage is a residential mortgage lender based in Atlanta. For more information, call (877) 690-1270 or visit www.pcmexpress.com.

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Jan 24, 2007

Analysis and Data

Monthly, Yearly Jump In New Home Sales In March

The growth coincides with roughly a quarter of builders saying they cut prices last month.

Sales of newly built, single-family homes in March jumped 8.8% month-over-month, reaching a seasonally adjusted annual rate of 693,000 units compared to February's 693,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of Housing...

Analysis and Data

Home Price Growth Expected To Remain Stagnant

Redfin Home Price Index shows 0.6% growth month-over-month

Redfin’s latest Home Price Index (HPI) echoed the findings of other HPIs reflecting quarter-one data, with prices remaining on a slight incline across the U.S. Home prices climbed 0.6% nationally in March on a seasonally-adjusted basis, matching February’s 0.6% month-over...