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January 2003 Mortgage News

  • Rising Rates Expected to Reduce
  • Principal Mortgage to Layoff 500
  • Production Up 1/3 From 2001 at First Horizon
  • Share of Cashouts Fall
  • Record Purchases for Freddie as Earnings Restated
  • World Savings Sees Record ARM Originations
  • Originations Up 71% From 2001 at Wells
  • Production Falls From 2001 at Chase
  • Record 2002 Production at ABN AMRO
  • Broker Lies on Stand in $67 Mil Mortgage Fraud Case
  • Threat of War Pushes Mortgage Rates Down
  • MBA Sees 6.5% Rates, Near Record Purchase Activity in 2003
  • Mortgage Payment on Scandalous Execs House Tops $100k
  • Record $33.1 Billion 2002 GreenPoint Production
  • MBA Forecasts $1.77 Trillion 2003 Production
  • Rates to Hover at Current Levels, Freddie Economist Says
  • BoA 2002 Net $9.25 Billion
  • Record $848.9 Billion Business Volume During 2002 at Fannie
  • SunTrust Reports 2002 Earnings
  • Countrywide Volume Declines
  • Record $5.3 Billion Flagstar December Production
  • 407,000 Employed in Mortgage Lending
  • Countrywide 2002 Production 1/4 Trillion
  • Rates Rise From Record Lows
  • 30-day Q3 Delinquency Down 14 bps, 90's rise
  • Less Stress, More Sales
  • Quicken Settles Charges it Failed to Provide Adverse Action Notices
  • How Low Can They Go?
  • Bankers, Appraiser Accused in Builder Fraud Case
  • COFI Tumbles to Lowest Level in Decades
  • HUD Announces $153 Million FHA Loan Sale
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