mtg apps strong at largest mtg lender

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Posted by Warren Mosler (208.49.176.241) on 17:33:07 11/29/07

> Subject: Mortgage Activity
>
> Warren Mosler says he's been getting "annecdotal reports of activity picking
> way up this week,
>
> and aggressive mtg rates being offered".
>
>
>

> Any color from the largest residential lender?

>
> apps are strong - november is loooking stronger than October for the
> industry.
>
> Seems like mortgages caught a bid with Fed action yesterday in the open
> market and they tightened to tsy - so they are looking good.
>
> As far as competitors - everyone is fighting for a smaller pie and dealing
> with deleveraging of costs.
>
> Tough business.
>

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Subject:	Re: mtg apps strong at largest mtg lender
Comments:	: : : : > Subject: Mortgage Activity : > : > Warren Mosler says he's been getting "annecdotal reports of activity picking : > way up this week, : > : > and aggressive mtg rates being offered". : > : > : > : : > Any color from the largest residential lender? : : : : > : > apps are strong - november is loooking stronger than October for the : > industry. : > : > Seems like mortgages caught a bid with Fed action yesterday in the open : > market and they tightened to tsy - so they are looking good. : > : > As far as competitors - everyone is fighting for a smaller pie and dealing : > with deleveraging of costs. : > : > Tough business. : > :
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