Tuesday, January 22, 2008
Lender Ranking
A recent J.D. Power study says that 75 percent of mainstream borrowers with good credit applying for moderately sized loans were more satisfied when they worked directly with the lender rather than through a broker. And customers who supply required documentation upon application have a smoother loan process.
Overall mortgage lender satisfaction ranking based on a 1,000-point scale:
Wachovia, 827
SunTrust Mortgage, 818
Bank of America, 760
National City Mortgage, 759
CitiMortgage/Citibank, 753
Chase, 752
Industry Average, 750
Wells Fargo, 749
Countrywide Home Loans, 745
GMAC Mortgage, 744
ABN AMRO Mortgage, 740
American Home Mortgage Corp., 736
WaMu, 733
First Franklin, 595
Overall mortgage lender satisfaction ranking based on a 1,000-point scale:
Wachovia, 827
SunTrust Mortgage, 818
Bank of America, 760
National City Mortgage, 759
CitiMortgage/Citibank, 753
Chase, 752
Industry Average, 750
Wells Fargo, 749
Countrywide Home Loans, 745
GMAC Mortgage, 744
ABN AMRO Mortgage, 740
American Home Mortgage Corp., 736
WaMu, 733
First Franklin, 595
Labels: mortgage loans
Tuesday, January 01, 2008
Florida's Positive Demographic and Economic Trends
In 2008 more than 300,000 people will move to Florida, generating a demand for 150,000 for-sale or rental properties. The states economy is likely to add 175,000 new jobs, a 2.1% increase---nearly double the 1.2% projected for the United States as a whole.
Cape Coral/Ft Myers ranks 6th in Florida metropolitan areas for growth. This area will be one of the few to experience positive housing starts.
Cape Coral/Ft Myers ranks 6th in Florida metropolitan areas for growth. This area will be one of the few to experience positive housing starts.
