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Mortgage and Lending - Guild Mortgage Company - NMLS 264607, NMLS 3274
RECENT BLOG POSTS
New Home Inventory Keeps Sinking Home builders continue to sell homes and work through inventory. According to data from the Census Bureau, the number of new homes sold in September jumped 6 percent from the month prior, beating analyst expectations. On a seasonally-adjusted, annualized basis, bu...
10/28/2011
Detroit Leads All Case-Shiller Cities In Home Price Improvement The August 2011 Case-Shiller Index was released this week. On an monthly basis, 10 of 20 tracked markets worsened. On an annual basis, valuation degradation was worse. Only Detroit and Washington, D.C. posted higher home values in Au...
10/28/2011
The Government’s Revamped HARP Program For Underwater Homeowners Published October 25, 2011 The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowne...
10/25/2011
What’s Ahead For Mortgage Rates This Week : October 24, 2011 Published October 24, 2011 Mortgage markets improved last week on worries that Eurozone leaders would decline to send aid to Greece. These concerns overshadowed optimism for the U.S. economy, the result of several strong data points. Co...
10/25/2011
Despite 18% Contract Failure Rate, Home Resales Stay Strong Despite fewer homes for sale nationwide, the number of home resales remains steady. According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, September’s Existing Home Sales eased by 150,00...
10/25/2011
Homebuilder Confidence Rises on Surging Sales Volume, Foot Traffic Homebuilder confidence is rebounding sharply. Just one month after falling to a multi-month low, the Housing Market Index rebounded four points to 18 for October. It’s the highest reading for the HMI since May 2010 — the month aft...
10/20/2011
  Foreclosure Rate Drops For The 12th Straight Month   Foreclosure activity continues to slow throughout the United States. According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings dipped below 215,000 in September 2011, a 6 percent decrease from ...
10/18/2011
  What’s Ahead For Mortgage Rates This Week : October 16, 2011     Mortgage bonds suffered through another tough week last week as rising optimism that Eurozone leaders will “rescue” Greece plus stronger-than-expected economic data in the U.S. led bonds lower for the second straight week. Conform...
10/17/2011
  Fed Minutes : A Fed Divided Reaches Comprise   Wednesday, the Federal Reserve released the minutes from its 2-day meeting September 20-21, 2011. The release shows a divided Fed in disagreement about the current U.S. monetary policy. The group reached compromise for new economic stimulus, howeve...
10/17/2011
  Retail Sales Expected To Rise; Mortgage Rates Should Rise, Too   The American Consumer is alive and well, it seems. Friday morning, the Census Bureau will release its Retail Sales figures for September. The report is expected to show an increase in gross receipts for the 15th straight month wit...
10/17/2011
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Frank Hilliard

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Daily updates from the mortgage industry from Guild Mortgage's perspective. Keep track of weekly mortgage rate updates and many other issues impacting the mortgage finance world. I hope you enjoy the information contained in this blog!