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

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

Analysis and Data

Existing Home Sales Decline By 4.3% In March

Northeast the only region to see an uptick in sales over prior month, per a new report from the National Association of Realtors

Fewer people bought homes this March than the month before and during March 2023, a new report from the National Association of Realtors (NAR) reveals. Total existing-home sales receded 4.3% from February to a seasonally adjusted annual rate of 4.19 million in March. Year...