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Article: ARM switches boost lending in early 2007.
- Article from:
- Arkansas Business
- Article date:
- May 7, 2007
- Author:
CopyrightCOPYRIGHT 2007 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RESIDENTIAL LENDING ACTIVITY Pulaski County showed signs of growth during early 2007. However, the numbers for the traditionally slowest two months of the year had some help. Year-to-year comparisons among eight leading mortgage companies in the market reflect a 36 percent increase in the 2007 dollar total for January and February.
Mortgage lending totaled about $66.6 million for the group of lenders during the first two months of the year, compared with about $48.7 million in 2006.
March totals aren't available yet in a monthly mortgage report compiled by Little Rock's Beach Abstract & Guaranty Co.
The increased home mortgage volume appears to ...