State regulators soon to be addressing guidance proposed for non-traditional mortgage products:May have far-reaching implications for mortgage brokers and bankers

Mar 15, 2007

Citigroup announces unified 'Citi' brandMortgagePress.comCitigroup,Citi brand Citigroup Inc. has announced a corporate branding change that will unite its businesses under the name "Citi" and its recognizable red arc design. Beginning in the second quarter of 2007, the company's corporate and investment banking division will use the brand name "Citi," wealth management will use the names "Citi Smith Barney," "Citi Investment Research" and "Citi Private Bank," and alternative investments will use the name "Citi Alternative Investments." In addition, Citigroup plans to sell its trademark red umbrella symbol to The St. Paul Travelers Companies Inc. Citigroup Inc. is a financial services company based in New York. For more information, call (800) 285-3000 or visit www.citigroup.com.

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Mar 15, 2007

Analysis and Data

Home Sales Rise — Along With Prices And Inventory

February saw a 4.2% increase in home sales nationally, NAR data show

Existing-home sales rebounded in February, offering a glimmer of momentum in a housing market still grappling with affordability pressures and high mortgage rates. Sales rose 4.2% from January to a seasonally adjusted annual rate of 4.26 million, according to the latest data...

Analysis and Data

Half Of Renters Give Up On Buying

Nearly half of renters polled say they don't see homeownership as possible — ever

Nearly half of all renters responding to a new survey said the roadblocks in their way of buying a house — high prices, high loan costs, and a tight inventory of homes for sale — are just too great to overcome. Indeed, 48% of the 4,400 renters polled by NeighborWorks Amer...