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Good morning people, , Mortgage demand jumps nearly 28% in one week, as interest rates drop to lowest point in months
PUBLISHED WED, JAN 18 20237:00 AM ESTUPDATED WED, JAN 18 2023AT 2:47 EST
Mortgage rates are at the lowest level since September, and that is bringing new demand into the mortgage market.
The average contract interest rate for 30-year fixed-rate mortgages decreased last week to 6.23% from 6.42%.
Applications for a mortgage to purchase a home increased 25% week to week, but were 35% lower than the same week one year ago.
Consumers returned from the holiday season to find mortgage rates at their lowest point since September, and they are responding in dramatic fashion.
Mortgage application volume jumped nearly 28% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.23% from 6.42%, with points falling to 0.67 from 0.73 (including the origination fee) for loans with a 20% down payment.
Rates hit a recent high of around 7.2% at the end of October on the MBA’s survey but ended the year at 6.58%. One year ago, the average rate on the 30-year fixed was 3.64%.
Refinance demand made the biggest move, up 34% from the previous week, but it was still 81% lower than the same week one year ago. The refinance share of mortgage activity increased to 31.2% of total applications from 30.7% the previous week.
Applications for a mortgage to purchase a home rose 25% week to week but were 35% lower than the same week one year ago.
“As we enter the beginning of the spring buying season, lower mortgage rates and more homes on the market will help affordability for first-time homebuyers,” said Mike Fratantoni, senior vice president and chief economist at the MBA.
The market, however, is not seeing any surge in inventory. The number of active listings is about 21% higher than it was a year ago, according to Redfin, a real estate brokerage. That is mostly because homes are now sitting on the market longer, with far fewer sales. New listings of homes for sale are down 22% year over year.
https://www.cnbc.com/2023/01/18/mortgage-demand-jumps-interest-rates-drop.html
GoGooooooCOOP
GLTA-Ts
Hello people, I was pondering about the stock/freebies I hold and thinking about that 1T target of COOP and the distance to make that happen I believe was 140/50 short and this might be the way to the target —>
“Jan 10 (Reuters) - Wells Fargo & Co (WFC.N) will slim down its home lending business by reducing its mortgage servicing portfolio and exiting the correspondent lending business, the company said on Tuesday.
“We are making the decision to continue to reduce risk in the mortgage business by reducing its size and narrowing its focus," Kleber Santos, the bank's chief executive for consumer lending, said in a statement.”
As they have done biz WITH them before right!
Receiving Bank: Wells Fargo ABA#: 121 000 248
Account Name: Nationstar Mortgage Account Number: 4121888200
As I have posted before this might be l my last year with this paper , I will wait possibly till the 10k , otherwise I will have to go on NSM stagnated PPS past until we came along , the boyzzzz on the office band continue to make more, why should it’s retail shareholders not , I am not beating on my profit to date , but sometimes it’s time to go when you think so and be happy with all the profits ,we shall see , I might play this paper from time to time if the PPS is right and start over again collecting shs
GoGooooooCOOP
GLTA-Ts
Trading revenues were up +27% at Bank of America, with FICC revenues up an impressive +49% and equities up +1%, likely indicating that it gained market share. It will be interesting to see trading revenue trends
Good morning people , The COOP JOKE OF THE DAY
After Hours Time (ET) After Hours Price After Hours Share Volume
17:32:04 —————- ———-$46.36———————-7. Lol
Why hmmmmm?
GLTA-Ts
Good morning people, Hi Strike
FDIC bidding process “less than optimal”
Though Hochberg ultimately concludes that the sale was fair, he came down hard on the FDIC for failing to adequately cooperate with his investigation, and questions some of the agency’s actions along the way.
The FDIC’s bidding process, he said, was “less than optimal” and “could have been better.” He notes that the Sept. 16 call from FDIC’s Bair to JPMorgan’s Dimon came “before any formal opening of the bidding process.”
Hochberg also says that “some of the FDIC’s actions lack transparency.” As a result, he was “unable to determine whether the FDIC fully understood the value of the assets it seized and sold.”
In general, Hochberg was frustrated with the agency’s balking.
“The FDIC made clear that attempts to compel discovery could be met with certain obstacles . . . which could effectively delay and discovery beyond the tine limits of the examination,” Hochberg wrote. The FDIC had said it would litigate to keep internal deliberations secret, he said.
The agency also responded selectively to document requests, and refused to make Bair and two other senior officials available for interviews. The FDIC’s lack of cooperation was especially egregious compared with other players in the WaMu sale, he said. The OTS, for example, “was helpful and cooperative,” he wrote. (Hochberg didn’t return a call left on Tuesday).
--------------------------------
I don't get into the escrow thangggg ,because it issss what it will beee
GOGOOOOOCOOP
GLTA-Ts
Wells Fargo to shrink mortgage business, exit correspondent lending
Wells Fargo & Co will slim down its home lending business by reducing its mortgage servicing portfolio and exiting the correspondent lending business, the company said on Tuesday.
“We are making the decision to continue to reduce risk in the mortgage business by reducing its size and narrowing its focus," Kleber Santos, the bank's chief executive for consumer lending, said in a statement.
Updated Jan 11, 2023, 4:31 PM IST
Complete story
https://www.businesstoday.in/latest/world/story/wells-fargo-to-shrink-mortgage-business-exit-correspondent-lending-359817-2023-01-11
( Also mortgage applications numbers out today around 10:30 AM.)
GOGOOOOOOCOOP
GLTA-Ts
Good morning people , Dean we don’t agree on much of most, but! on this this post of urs ****
GoGooooooCOOP
GLTA-Ts
JWW. Per arranged deal one to one @ pps. Toot to toot or friend of friend
who else would have those numbers
OR
US Probes Insider Trading in Prearranged Executive Stock Sales
https://www.bloomberg.com/news/articles/2022-11-03/us-probes-insider-trading-in-prearranged-executive-stock-sales?leadSource=uverify%20wall
Understanding Pre-Arranged Trading
Pre-arranged trading can help an investor to specify a price to execute a trade in the open market. Conditional orders are broadly based on the concept of pre-arranged trading, allowing an investor to manage their risk by designating specific prices for buying and selling. Block orders are also pre-arranged in many cases and may be crossed on regional exchanges or electronic crossing networks without breaking any rules.
GoGooooooCOOP
GLTA- Ts
jhd,jEveryone has their choice , me I loved the water , for forty something years I lived in my house I rebuilt surrounded by water on and island 6 miles long and maybe two miles wide with channeled inlets/fingers it was beautiful 90% of the time but those Valeri,Sandy& Henri were a pain and a mess to clean up afterwards
GoGooooooCOOP
GLTA-Ts
AZ , Utt oh, no you didn’t, you went and done it again “the Original Owners of WMI', ... that Released to Participate ? ... will still' be in receipt of their promised fair and equitable returns' ... and as always, ... IMO “
Wait for it,wait for it they will show up soon and reply to you
GOGOOOOOOCOOP
I’m outer here for the rest of the morning , the BOSS wants to shop
GLTA-Ts
AZ, I don’t have a prob with COOP in fact I luv my COOP shs I hold at no cost to me ,but I am not a fan of the Ks I once held wherever they are/went in Bizarro world ( Psssh ur not the only one who have done well FROM THE VERY BEGINNING to date , disfruta tu viaje.
GoGooooooCOOP
GLTA-Ts
Good morning people, AZ did you happen to mention in ur text to her that you told us in the past that COOP was the tell, I tried to tell them ,I tried Doreen , I did, I did, really lol
GoGooooooCOOP
GLTA-Ts
Jhd 51,FYI.
The Dow indexes in 2022,EOY down 8.58%
Nasdaq in 2022 EOY down 33.1%
S&P 500 in 2022 EOY down nearly 20%
Russell 2000 Index in 2022 EOY Down -21.56%
COOP -2022 EOY down -3.55%
Sooooo
GLTA-Ts
https://www.capitalgroup.com/
American Funds
American Funds is a division of privately-owned Capital Group, which was founded in 1931. Based in Los Angeles, Capital Group is among the largest asset management firms in the U.S. with over $2.7 trillion in
Founder MR Lovelace lololol
American Funds and The Vanguard Group are two of the largest mutual fund managers in the world. Both companies pride themselves on the research they conduct and their customer-focused approach—all while providing their clients with the best possible returns. Although these two companies serve the same purpose, that's pretty much where the similarities end.
OK just killing some time as you can tell
GoGooooooCOOP
GLTA-Ts
Samurais, Yeah ~> Form N-PORT is the reporting form that is to be used for monthly reports of Funds other than money market funds and SBICs under section 30(b) of the Act, as required by rule 30b1-9 under the Act (17 CFR 270.30b1-9).
I also found the name play on WM.
GLTA-Ts
Good morning people, Well I see my last COOP purchase 40.05 is once again hit the mid to high 39’s it seems to be my trait for all my buys in the low 40’s only to return to more profits in freebies, oh well profit issss profit ,just a little less, on to a few other thangssss, Boris I don’t know why ur post was removed or why if not true someone should post such when it seems the bickering that goes on isssss more important then anything else on here ,heck I recently posed a question that no one even tried to reply to and yet the BS bickering goes on, oh well I just do my fly byes these days and move on ( just check incase )
GoGooooooCOOP
GLTA-Ts
Diamond; Said poster should be avoided as that poster is just a surfer with no water nor board and in need of any conversation/ replies IMHO.
GoGooooooCOOP
GLTA-Ts
Good morning people:I have a question and if it sounds ridiculous I apologize, I posted this a week or so on the other tread with no response,hence here it is
Was just doing some speed reading and found it odd, and maybe you might know the reason for this TIA
If this is so “ WMIH CORP. COMPLETES REVERSE STOCK SPLIT AND NAME CHANGE TO MR. COOPER GROUP INC.
by admin | Oct 10, 2018 | Press Releases”
How come in the latest 4 fling by JB and every one of his 4’s and only his ,the power of attorney to whomever attorney/s is from WMIH?? ~~>
https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=16232796&RcvdDate=11/28/2022&CoName=MR.%20COOPER%20GROUP%20INC.&FormType=4&View=html
Now just incase !! Olson’s power of attorney is always from MR COOPER ->
https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=14956517&RcvdDate=05/13/2021&CoName=MR.%20COOPER%20GROUP%20INC.&FormType=4&View=html
Now I looked at the SEC. site and no power of attorney ever shows on the 4’s but the Naz look up of insider trading (4’s always shows the power of attorney/s And JB ‘s always shows power from WMIH
ALL HAVE A GREAT HOLIDAY
GOGOOOOOOCOOP
GLTA-Ts
Merry Christmas to allllll
From my family to you&urs
Ts
Good morning people, I thought my last purchase of 40.07 was a good bottom grab but today it seems like I got beat again hehehe ,oh well I will have to wait till next year for my 10% freebies , COOP IS STILL DOING BETTER THAN MY Fi’s lol
GoGooooooCOOP
Have a great day and a great Xmas
GLTA-Ts
Yesterday’s big trades AH.inserted
AH. —- PPS. —- VOL
16:03:00 $40.75 —9,861
16:08:09 $40.75 —187,052
16:10:48 $40.75 —792,384
16:11:34 $40.7505 —10,032
GoGooooooCOOP
GLTA-Ts
Good morning people,CWC.I did not ignore the message, but as for the messenger she shot herself in the foot grasping for votes ,—->
Elizabeth Warren Apologizes To Cherokee Nation For DNA Test - NPR
Feb 1, 2019 — Last fall, Sen. Elizabeth Warren released the results of a DNA test indicating she has Native American ancestry. The move backfired; Warren ...
Elizabeth Warren apologizes for calling herself Native American
Feb 5, 2019 — The discussion with the chief of the Cherokee Nation went beyond her controversial DNA test.
Reuters
Aug 19, 2019 — U.S. Democratic presidential hopeful Elizabeth Warren on Monday apologized again for her claims in the 1980s that she is Native American, ...
Herald
Feb 26, 2020 — U.S. Sen. Elizabeth Warren's ailing presidential campaign is facing fresh scandal about her false claims of Native American heritage as the ...
Now Warren a Massachusetts Senator
Martha's Vineyard,Island in Dukes County, Massachusetts
Illegal Immigrants Get the Boot After One Day on Martha’s Vineyard
——————————
Yeah I’ll say she is self serving unless it’s on our backs to carry for her EOS
Have a great weekend all
GoGooooooCOOP
GLTA-Ts
Well they got me back @40.07 , had to get out early this A.M. to finish the bosses shopping list , she kept me so busy I didn’t look at my phone, All I was doing whipping out the ATM card ,spending and got home and see that TD is also spending my monies also lol oh well
GOGOOOCOOP
Have a great weekend people
GLTA-TGIF Babeeeeee Ts
Hi CWC. I believe she said she was part Indian, and she was 1/8 of a % lol
Take careTs
GLTA- GOGOOOOOCOOP-Ts
Hi bizzz , Imagine what they got away with as they are laughing about the fines while having cocktails at the club lol
GoGooooooCOOP
GLTA-Ts
FYI.JPM ‘s penalty hit list inserted
https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase
Penalty total since 2000: $36,129,269,434 -I guess it’s just the price of
doing biz IFFEN YOU GET CAUGHT, LOL, makes one wonder just how much did they get away with heheh
Geeeeees
GoGooooooCOOP
GLTA-Ts
YES! Extremely Angry lololol
Have a great evening people
GoGooooooCOOP
GLTA-Ts heehee
Good morning people, goodie I believe all are doing it, heck I’ve been accumulating free shares for years, Do you think the big boyzzzzz would’nt (friends of friends under another name) otherwise they would be screaming and unloading
ACTIVE POSITIONS HOLDERS SHARES
New Positions ////////37 1,658,194
Sold Out Positions 22 1,735,222
123, is nothing , let’s not forget end of tax year selling ,then watch Old N NEW POSITIONS AFTER TAX SEASON
as for me 40.0+ has been my targets even if it should goes lower it’s never failed to give me a fair return/shs ESPECIALLY IN TIMES LIKE THESE
GLTA-Ts
Tick I’m really hurt and feel weally, weally bad ,UUUU,nah I won’t stoop to ur level in the sewage lololol
GoGooooooCOOP
GL2The rest Ts
Good morning people, I don’t believe COOP is not holding up well in these market times, on another note I believe ole Lexie believe he/ she has found a stump to Stand on in this STOCK MESSAGE site, maybe this might/ should suit his/her needs better
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169713935
GoGooooooCOOP
TGIF BABEEEEEE Going shopping wit da bozzzzz
GLTA-Ts
Good morning people, Hi Vodka, You asked for something like this sooo lol
Take notice in the action in 2022, why so many filing of now when it seems there’s nothing to file if there’s no activity allllll the years from ?
Years , 18,19,20,21 single filing in each year and yet they all say (x marks the box)
Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [X]
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001317069&owner=include&count=40&hidefilings=0
https://www.law.cornell.edu/cfr/text/17/240.15Ga-2
17 CFR § 240.15Ga-2 - Findings and conclusions of third-party due diligence reports.
CFR§ 240.15Ga-2 Findings and conclusions of third-party due diligence reports.
(A) The issuer or underwriter of an offering of any asset-backed security (as that term is defined in Section 3(a)(79) of the Act (15 U.S.C. 78c(a)(79))) that is to be rated by a nationally recognized statistical rating organization must furnish Form ABS-15G (§ 249.1400 of this chapter)))) to the Commission containing the findings and conclusions of any third-party due diligence report obtained by the issuer or underwriter at least five business days prior to the first sale in the offering.
Instruction to paragraph (a): Disclosure of the findings and conclusions includes, but is not limited to, disclosure of the criteria against which the loans were evaluated, and how the evaluated loans compared to those criteria along with the basis for including any loans not meeting those criteria. This disclosure is only required for an initial rating and does not need to be furnished in connection with any subsequent rating actions. For purposes of this rule, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest, which, depending on the terms and conditions of the contract, could be the date on which the issuer receives the investor's subscription agreement or check.
(b) In the case where the issuer and one or more underwriters have obtained the same third-party due diligence report related to a particular asset-backed securities transaction, if any one such party has furnished all the disclosures required in order to meet the obligations under paragraph (a) of this section, the other party or parties are not required to separately furnish the same disclosures related to such third-party due diligence report.
(c) If the disclosure required by this rule has been made in the prospectus (including an attribution to the third-party that provided the third-party due diligence report), the issuer or underwriter may refer to that section of the prospectus in Form ABS-15G rather than providing the findings and conclusions itself directly in Form ABS-15G.
(d) For purposes of paragraphs (a) and (b) of this section, issuer is defined in Rule 17g-10(d)(2) (§ 240.17g-10(d)(2) of this chapter) and third-party due diligence report means any report containing findings and conclusions of any due diligence services as defined in Rule 17g-10(d)(1) (§ 240.17g-10(d)(1) of this chapter) performed by a third party.
(e) The requirements of this rule would not apply to an offering of an asset-backed security if certain conditions are met, including:
(1) The offering is not required to be, and is not, registered under the Securities Act of 1933;
(2) The issuer of the rated security is not a U.S. person (as defined in § 230.902(k)
(3) All offers and sales of the security by any issuer, sponsor, or underwriter linked to the security will occur outside the United States (as that phrase is used in §§ 230.901 through 230.905 (Regulation S)).
(f) The requirements of this rule would not apply to an offering of an asset-backed security if certain conditions are met, including:
(1) The issuer of the rated security is a municipal issuer;
(((2) The offering is not required to be, and is not, registered under the Securities Act of 1933)))
(((((g) For purposes of paragraph (f) of this section, a municipal issuer is an issuer (as that term is defined in Rule 17g-10(d)(2) (§ 240.17g-10(d)(2) of this chapter)) that is any State or Territory of the United States, the District of Columbia, any political subdivision of any State, Territory or the District of Columbia, or any public instrumentality of one or more States, Territories or the District of Columbia.)))
(h) An offering of an asset-backed security that is exempted from the requirements of this rule pursuant to paragraph (f) of this section remains subject to the requirements of Section 15E(s)(4)(A) of the Act (15 U.S.C. 78o-7(s)(4)(A)), which requires that the issuer or underwriter of any asset-backed security shall make publicly available the findings and conclusions of any third-party due diligence report obtained by the issuer or underwriter.
Oh and read
WaMu Asset Acceptance Corp., as Securitizer, is filing this Form ABS-15G in respect of all mortgage-backed securities representing interests in pools of residential mortgage loans for which it acted as depositor and which are outstanding during the reporting period. On September 25, 2008, JPMorgan Chase Bank, National Association (“JPMCB”) acquired the banking operations of Washington Mutual Bank from the Federal Deposit Insurance Corporation (“FDIC”). It is JPMCB’s position that certain of the repurchase obligations of Washington Mutual Bank remain with the FDIC receivership. Assets are reported herein in accordance with Rule 15Ga-1 regardless of the validity of the demand or defenses thereto, and nothing in this report shall constitute, or be deemed, a waiver of any rights, defenses, powers or privileges of any party relating to these assets.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: November 9, 2022
WAMU ASSET ACCEPTANCE CORP. (Securitizer)
By: /s/ William Betz
Name: William Betz
Title: Managing Director
—————————————
Bill Betz
Senior VP, Investor Support Services at JPMorgan Chase
———————————
Eric A Senzon
JPMorgan Chase Bank, National Associatio
4900 Memorial Hwy Fl 3
Tampa, FL 33634-7511
Office: 813-584-3951
—————- ———————-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 28, 2021
WAMU ASSET ACCEPTANCE CORP. (Securitizer)
By:
/s/ Thomas Novack
Name:
Thomas Novack.
Title:
Director
https://www.campaignmoney.com/political/contributions/thomas-novack.asp?cycle=20
——————————
Contributions for 2020 - CampaignMoney.com
Thomas Novack Political Contributions in 2020 ; NOVACK, THOMAS D · NEW YORK, NY 10179,
J.P. Morgan Securities Llc/J.P. Morgan Securities Llc/Client Executive
———————————————————-
Now I know we’ve been though this before, but it just might mean we are very close to whatever it seems THE END REGARDLESS OF THE OUT COME ,
Now in correspondence about such to whomever, wherever ITS SEC REG. Was the song and dance
Hence “ Years , 18,19,20,21 single filing in each year and yet in 22 it became VERY SEC REG TO FILE Many in 22 , hmmm?
———
Don’t shoot the reader/poster , shoot the filer lololol
GOGOOOOOOCOOP
GLTA-Ts
National Pearl Harbor Remembrance Day, DEC. 7th ++++
R.I.P.
Thank You
Have a great thanksgiving people
Ts
Picks Huh? “ So you say you are trading this stock good”
I have been since .03 pps and every flav except P’s even with the two RV’s I am still very very happy with this” POS “ as you say , but I am not a pre-BK INVESTOR, and feel bad those who are/were and hope the large one’s can recoup someday IFFEN
GLTA-Ts
Picks today and tomorrow is a down day for me before the holiday shopping and festivities except for the basement gym lol. hence I have hang time, might I suggest you reread as I have always posted that I leave my profits in banked COOP shs over the many years and only hold the markets monies in this “POS “ as you say and can sell allll in a heartbeat if I choose to for pure profit hence on to my first post of the day and tell me what wasssss bad if not true ?,to bring out that posters ugly hmmm?
GLTA-Ts
Ahhhhh Looooow ,true colors, true colors I am a COOP share holder and this isssss a COOP site ,my, my ugly,ugly I’ll email before I post again so you can approve or not about COOP ,OK,OK lol
Have better day,or try
GL2 the rest of shareholders Ts
Good morning people , You know I play this stock when it drops , but I don’t wish it to drop BECAUSE I HOLD / BANKED SHS/STOCK in COOP as others on this COOP site do also
GLTA-Ts
Mr Cooper Group (COOP) Receives a Hold from BTIG
Good morning people
In a report released on November 16, Eric Hagen from BTIG maintained a Hold rating on Mr Cooper Group (COOP – Research Report). The company’s shares closed yesterday at $42.84.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mr Cooper Group with a $53.80 average price target.
See today’s best-performing stocks on TipRanks >>
Based on Mr Cooper Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $593 million and a net profit of $113 million. In comparison, last year the company earned a revenue of $926 million and had a net profit of $299 million
https://www.tipranks.com/news/blurbs/mr-cooper-group-coop-receives-a-hold-from-btig?utm_source=advfn.com&utm_medium=referral
GoGooooooCOOP
GLTA-Ts
Good morning people, jhd in ref to “ ruminating over all the possibilities and writing page after page of the same verbage regarding such” I thought of the same many, many times in the past 12-14 months in many ways with a changed verbiage each time ending in the same meaning/conclusion within myself, which is why my posting is less unless I’m bored or bad weather or I have immediate action in play with COOP besides my banked shs or if I have read something I thought worthy of sharing on the sites, I always flash read on the COOP sites incase any new info, one never knows from where or who AIMHO.
GoGooooooCOOP
GLTA-Ts