Monday, December 27, 2010
Thursday, December 16, 2010
After reaching a recent high in June, we have seen a steady monthly decline since that time. Is this just a seasonal adjustment as sales have slowed in the Fall or a trend? This bears watching in the coming months.
Friday, July 23, 2010
See the chart below.
Will Buyers sell? Even though the median price has stayed at the relatively same level for the last 12 months - seasonal sales have continued to drop from 2009 levels in 2010. In March 2009, there were 2,425 homes sold as compared to 1,588 homes sold in March 2010.
What does it all mean?
Monday, July 12, 2010
Click on the image below for a larger view of the chart.
We hope this positive sign shows in other places around the country in the remainer of the summer.
Friday, June 25, 2010
Take a look at the chart below:
Notice that the March 2010 sales figure returned to apporximately the same level as March 2009. We will continue to monitor this trend (if it is a positive trend in future months). What are your thoughts?
Friday, June 11, 2010
In January 2009, there was 389,460 Conventional loans as compared with January 2010 at 260,326 loans. See the chart below.
We will monitor this and see what happens over the summer.
Friday, March 26, 2010
The data shows both Wells Fargo and Bank of America are bigger and have greater market power. Much of the increase for Wells can be attributed to the acquisition of Wachovia and much of the increase for Bank of America are the result of acquiring Countrywide. A similar contribution to increased market share and higher ranking applies to MetLife Bank, who acquired First Horizon's mortgage offices and PNC who acquired National City. Later on we shall see if these bank institutions can maintain their upward momentum. Meanwhile, JP Morgan is not only giving up market share to their competitors, they are giving up FHA originations in an increasing mortgage market segment.
The accomplishments of Quicken, Metrocities, Suntrust, PHH, and Primelending reveal new leaders in the realigned FHA mortgage market.
Friday, March 12, 2010
Wednesday, February 24, 2010
Wednesday, February 17, 2010
The data table below shows the FHA mortgage lending volume and market share of the top 10 FHA originators in Colorado for 2009 and their changes over the prior year.
Monday, February 8, 2010
While we dig out of from the snow storm in Northern Virginia, there are not going to be many mortgage closings today. Court houses are closed. People cannot get to their settlement offices. Would a mortgage lender fail to extend a closing deadline by a few days on account of snow?. Anyone who knows of a loan deal to fail because of this storm, let us know about it in a reply post.
Wednesday, February 3, 2010
The next chart (below) shows the number of monthly FHA and VA mortgage originations from all areas of Colorado since January 2005. The trend shows continuous growth in sales of government insured purchase mortgages. 2009 was the best of the past 5 years for FHA and VA mortgage products in Colorado.
Monday, February 1, 2010
Wells Fargo Mortgage, with more than a 17 percent share, is the conventional mortgage origination leader in Colorado for 2009. No other lender appears to come close. The combined mortgage originations of Bank of America and Countrywide hardly read 7 percent of the market. Two local lenders, namely Cherry Creek and Megastrar Financial, both from Denver, have accumulated an impressive share of mortgage sales in Colorado up against the large national lenders.
Friday, January 29, 2010
MetLife Bank and Quicken Loans have moved into the TOP ten leading lenders in 2009. Wachovia (who was aquired by Wells) and Natonal City were former members of the elite TOP ten mortgage lenders.
Later will shall publish the leading Conventional mortgage lenders for 2009 in the state of Colorado.
Thursday, January 28, 2010
Wednesday, January 27, 2010
Friday, January 15, 2010
I didn't see AIG, Lehman Brothers and Bank America on the line, but I think that's because they have a VIP entrance with valet parking.
I want what AIG got. A TRILLION DOLLARS. Don't forget the food stamps, housecleaning, handicapped parking and special housing. I'm not asking for much. I'm a capitalist, so the government should send me free money just like they do with the other capitalists. Then I can give myself the bonus I deserve.
No wonder people want to come to America. This is truly the land of opportunity. You can earn a billion dollars here. Or, you can lose a billion dollars and the government will give you 2 billion to make up for it (plus housekeeping, food stamps and handicapped parking).
So tell the world that in America the streets are paved with food stamps and entitlement programs. Universities offer programs in giving other people's money away (and the coursework is very easy, too). But lets make sure that we let lots of illegal immigrants in, because someone has to work in order to pay for all this.
Whatever happened to welfare reform? Shouldn't all those executives at AIG be sweeping streets to pay for their welfare? For a trillion dollars we should make them clean up America with a toothbrush.
I have the ultimate idea to support capitalism. The US should insure stock trades. Stocks can go up, but they can never go down. Just imagine what that would do for the stock indexes.
A blog follower sent me the above viewpoint. The author requested that his/her name be withheld.