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Shift from refinancings to home mortgages is increasing in Augusta

...the mortgage market is drifting toward an equilibrium with home purchases versus refinancings.The number of mortgage applications for home purchases has overtaken the refinancings, said James Gay, a vice president and loan officer for State...

http://chronicle.augusta.com/news/business/2015-07-31/shift-refinancings-home-mo
US home sales plunge 4.9 percent in January

...prices to higher levels, which may then lead would-be buyers to wait until they have more choices. Weekly mortgage applications fell 13.2 percent, the Mortgage Bankers Association reported last Wednesday.Affordability has become a problem...

http://chronicle.augusta.com/news/business/2015-02-23/us-home-sales-plunge-49-pe
Home sales driving Augusta's mortgage market

...require a down payment."It's just a good time to get it while you can," said Kimberly Warren.National mortgage applications, led by lenders issuing refinances, increased 49.1 percent between Jan. 2-9, which is the largest weekly...

http://chronicle.augusta.com/news/business/local-business/2015-01-16/home-sales-
Shutdown squeezed corners of US economy

...chain retail stores fell 0.7 percent last week. Mortgage applications dropped 5 percent. Auto sales slumped about 2...There could be short-term bumps, though. Mortgage applications submitted by potential home buyers fell 5 percent...

http://chronicle.augusta.com/news/business/2013-10-17/shutdown-squeezed-corners-
US builders began work on more homes in July

...housing market have flattened or declined. It may signal that higher loan rates have begun to weigh on housing.Mortgage applications by potential homebuyers have fallen 15 percent since the end of April. Signed contracts to buy homes slipped in...

http://chronicle.augusta.com/news/business/2013-08-16/us-builders-began-work-mor
Georgia banks perform well at the start of the year

...discussed Georgia banks, so how about mortgage banks. Busy? Well, the Mortgage Bankers Association's weekly mortgage applications survey says there were fewer applications because its index went down 3 percent. Half of the mortgage activity...

http://chronicle.augusta.com/content/blog-post/tim-rausch/2014-06-04/georgia-ban
Wells Fargo's net rises, but mortgages slow

...120 billion in the same period a year ago. However, that was down from $139 billion in the third quarter. Mortgage applications were down over both for the year and the quarter.The Federal Reserve has been keeping interest rates at historically...

http://chronicle.augusta.com/news/business/2013-01-11/wells-fargos-net-rises-mor
JPMorgan, Wells report record earnings but revenue falls

...a boom in mortgage refinancings as homeowners lined up to take advantage of low interest rates.At JPMorgan, mortgage applications fell about 8 percent over the quarter to $60.5 million. They were also down about 8 percent at Wells - to...

http://chronicle.augusta.com/news/business/2013-04-12/jpmorgan-wells-report-reco
Business news

...drive factory production in the months ahead.Mortgage applications up; housing still weakThe number of people applying...Mortgage Bankers Association says its overall mortgage application index rose 16.1 percent from the previous week...

http://chronicle.augusta.com/news/business/2011-03-09/business-news
Business
Mortage broker gets nine months for fraud

...was operating as a Realtor and running All-Star Lending in Augusta. For several years Mr. Stuckey falsified mortgage applications, according to the indictment. Of the 13 cases of fraud the FBI uncovered, nine of the purchased homes have...

http://chronicle.augusta.com/stories/2009/10/15/met_551943.shtml
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