Indiana industry appointments update - 3/2/2007

National Mortgage Professional

Mar 01, 2007

Generation Mortgage introduces jumbo reverse loanMortgagePress.comReverse mortgages Generation Mortgage Company (GMC) has introduced Generation Plus, a jumbo reverse mortgage loan. "We're pleased to announce the launch of the Generation Plus, as it delivers on our goal to provide significant savings to our senior customers, while answering a growing demand for more competitive loan products," said Joe Morris, GMC CEO. "With this offering, a typical 75-year-old borrower whose home is valued at $750,000 will gain approximately $25,000 in additional funds, compared to other jumbo loan products." GMC is a provider of reverse mortgage products and services based in Atlanta. For more information, call (866) 733-6090 or visit www.generationmortgage.com.

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Mar 01, 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...