News By: MortgageDaily.com Mortgage Industry News from MortgageDaily.com
Rates Improve
Down from a week ago, the average 30-year fixed-rate mortgage came in at 6.34%, Freddie Mac's latest Primary Mortgage Market Survey showed. The 5-year Treasury-indexed hybrid adjustable-rate mortgage sank from last week's level.
Mortgage Lead Company Reports Record Revenue
NR Leads announced today its 2005 gross sales topped $4 million for the second year in a row. The Mission Valley, Calif.-based compan said it expects its record numbers to keep improving.
Nearly 300 Mortgage Jobs Coming to Kentucky
First Residential Mortgage Network plans to hire 273 new employees, the Greater Louisville Inc. - Metro Chamber of Commerce recently announced. The job additions will mostly encompass mortgage loan officer positions and support staff, said First Residential's general counsel.
Mich. Net Branch Grows
The Prime Financial Group announced it opened four branches in three states. Additionally, the net branch company said it recently added the states of Washington and Connecticut to its approved state list.
Broker Poses as DEA Agent
A Pleasanton, CA, mortgage broker faces up to five years in prison if convicted of charges of impersonating a government Drug Enforcement Administration agent, according to a statement released by the DEA and the U.S. Justice Department. ''Impersonating a DEA agent is a very serious offense because it undermines the public trust necessary for DEA agents to safely do their jobs,'' said a DEA special agent in a statement.
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