Citibank Changes Things Up
Citigroup announced today that it’s combining it’s investment banking and alternative investment divisions into one lead by Vikram Pandit, a former Morgan Stanley executive.
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Citigroup announced today that it’s combining it’s investment banking and alternative investment divisions into one lead by Vikram Pandit, a former Morgan Stanley executive.
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The demand for mortgages for purchase and refinancing existing mortgages rose last week, this after falling the two prior weeks in a row. The Mortgage Bankers Association stated that mortgage applications rose 2.4% in the week ended October 5th.
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U.S. mortgage applications rose for the second straight week as benchmark mortgage interest rates on home loans tumbled to their lowest since May.
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Applications for U.S. home loans rose last week, while the highest ARMs to date continue to take their toll on the once-torrid housing market.
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U.S. home mortgage applications fell for a second straight week, reflecting a drop in demand for home purchases and refinancing even as interest rates fell.
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Applications for home mortgages fell last week for the first time in three weeks, impacted by a sharp drop in demand for both home purchase loans and refinancing, an industry group said.
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U.S. home mortgage applications rose for the second straight week, driven by growing demand for both refinancing and home purchase loans. Read the rest of this entry »
But is that the whole story?
Across the United States of America, home mortgage applications rose for the first time in three weeks as interest rates fell sharply and demand surged for both home purchase loan products and refinancing.
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The volume of U.S. mortgage applications slid last week to its weakest levels in more than five months, the Mortgage Bankers Association said Wednesday.
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Mortgage applications fell for the first time in a month, hitting a five-month low and reflecting a drop in home purchase loan demand, an industry group said Wednesday.
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