Tuesday, July 23, 2013

propaganda bullshit!!

Everyday , I receive these emails from mortgage companies telling about what is happening  in the industry.  So I decided to show you these for the propaganda its showing. The only people these are fooling are investors.

First up

JPMorgan Chase & Co. (JPM), Wells Fargo & Co (WFC): Banks May Suffer, but Rising Mortgage Rates Won’t Shake Housing

When megabanks JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC) reported second-quarter earnings late last week, the effect of skyrocketing mortgage interest rates was front and center. Both banks reported a drop in refinance and new mortgage loan activity, and Wells reported many fewer loans in its pipeline compared to last quarter. JPMorgan noted that refinancing could drop by 40% in the next half-year, and the overall slackening of the demand for mortgages might be worse than analysts have predicted. 

In the Next breath

Big Bank Mortgage Performance Has Been Better Than Expected: KBW

Banks that have reported so far have largely beaten expectations for the second quarter.


Homeowners Still Struggling as Housing Numbers Trend Upward

It's another upbeat sign for the housing market. In 2009, Wells Fargo invited 16,000 financially struggling Chicago-area mortgage customers to its first local workshop aimed at helping people save their homes from foreclosure.

 The numbers are up?

Sales of Existing U.S. Homes Unexpectedly Decrease: Economy

Previously owned home sales fell unexpectedly in June as tight supply and increasing rates for mortgages imperiled the real-estate market recovery in the U.S.

 Who are they trying to fool?  This is the Banks , Wall Street, and our Government.. sending out propaganda bullshit..  to bad the only fools  listening are investors.


FHA Lending Is Booming! Here Are the Banks That Benefit

The past few years have been red hot for the mortgage refinance business at banks likeWells Fargo and JPMorgan Chase. Low rates have created an environment where it made sense for virtually anyone to trade in their higher rate from years past for a new low fixed-rate loan.

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