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Shift from refinancings to home mortgages is increasing in Augusta

...it took lenders a year to write loans worth that much, and refis were less than half the total, according to the Mortgage Bankers Association trade group.After six months of lower interest rates this year, the average rate for a 30-year conventional...

http://chronicle.augusta.com/news/business/2015-07-31/shift-refinancings-home-mo
Going rogue

...several types of businesses.And it's confusing everyone, according to David Stevens, president and CEO of the Mortgage Bankers Association, by "issuing dense and complicated rules and then declining to provide written supervisory guidance to...

http://chronicle.augusta.com/opinion/editorials/2015-07-04/going-rogue
Why homebuyers face a tough spring

...adjustable-rate mortgages, which accounted for 16 percent of all home purchase loans so far this year, according to the Mortgage Bankers Association. Popular before the housing bust, ARMs have interest rates that are initially lower than a traditional...

http://chronicle.augusta.com/news/business/2015-05-11/why-homebuyers-face-tough-
Biz Bits

...Real Estate. JAMES GAYAward/honor: Named one of the Top 10 producing loan officers in Georgia for 2015 by the Mortgage Bankers Association of Georgia. PATTI CORNETTEAward/honor: Named resale and listing agent of the month for February from...

http://chronicle.augusta.com/news/business/2015-03-20/biz-bits
Augusta Commission District 7 candidates' voting records analyzed

...themselves.The Augusta Chronicle looked into the voting records of interim Commissioner Louis "Hap" Harris, retired mortgage banker Sonny Pittman and charity Development Director Sean Frantom going back to 2000.The records, which don't specify...

http://chronicle.augusta.com/news/government/elections/2015-03-16/augusta-commis
Turnout expected to be light in Augusta Commission District 7 race

...advance voting at the municipal building.Interim Commissioner and insurance agent Louis "Hap" Harris, retired mortgage banker Sonny Pittman and charity development director Sean Frantom each seek more than 50 percent of votes to avoid a runoff...

http://chronicle.augusta.com/news/government/2015-03-16/turnout-expected-be-ligh
US home sales plunge 4.9 percent in January

...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 as prices have climbed at a faster clip...

http://chronicle.augusta.com/news/business/2015-02-23/us-home-sales-plunge-49-pe
New US home sales jump 11.6 percent in December

...lower rates to refinance their mortgages. Purchases are up 3 percent over the past 12 months, according to the Mortgage Bankers Association.At the same time, the growth in prices for existing homes has been steadily slowing, putting more...

http://chronicle.augusta.com/news/business/2015-01-27/new-us-home-sales-jump-116
Supreme Court could put brakes on government's job bias suits

...JPMorgan Chase & Co. paid nearly $1.5 million last year to settle charges of sexual harassment against 16 female mortgage bankers at an Ohio office. Also in 2014, McCormick & Schmick's Seafood Restaurants Inc. paid $1.3 million to settle...

http://chronicle.augusta.com/news/business/2015-01-11/supreme-court-could-put-br
Financial market turmoil creates a tempting opportunity for mortgage refinancers

...motivating people."It gets people excited," said Michelle Meyer, an economist at Bank of America. "It gets mortgage bankers excited. It gets prospective buyers excited."The drop in rates could finally give homeowners like Issi and Amy...

http://chronicle.augusta.com/news/business/2014-10-19/financial-market-turmoil-c