Connect with us

Mortgage

Executives within Federal Agricultural Mortgage Corporation have recently sold $1.8 million in company stock, hinting at potential vulnerabilities within the organization.

Published

on

Executives within Federal Agricultural Mortgage Corporation have recently sold .8 million in company stock, hinting at potential vulnerabilities within the organization.
Executives within Federal Agricultural Mortgage Corporation have recently sold .8 million in company stock, hinting at potential vulnerabilities within the organization.



– Multiple insiders at Federal Agricultural Mortgage Corporation (NYSE:AGM) have sold a considerable amount of shares over the past year.
– Insider transactions should be evaluated to see if insiders are buying or selling, as selling can have various interpretations.
– The President & CEO, Bradford Nordholm, sold $1.3m worth of shares at $180 per share, below the current price of $197.
– In the last year, insiders at Federal Agricultural Mortgage sold more shares than they bought.
– Independent Director Chester Culver sold $58k worth of shares over the last three months with no recorded purchases.
– Insider ownership at Federal Agricultural Mortgage equates to 1.3% of the company, worth about $27m.
– Insiders have been selling shares, and while they own some stocks, they are not significant stakeholders.
– Insider transactions indicate caution should be exercised before buying Federal Agricultural Mortgage stock.
– It is beneficial to identify risks facing the company, with one warning sign concerning Federal Agricultural Mortgage’s valuation.



Source link

Continue Reading

Mortgage

CENTUM Canada has revolutionized client engagement with the introduction of Mortgage Monitor™.

Published

on

CENTUM Canada has revolutionized client engagement with the introduction of Mortgage Monitor™.
CENTUM Canada has revolutionized client engagement with the introduction of Mortgage Monitor™.



Centum Financial Group has launched Mortgage Monitor™, a platform designed to empower homeowners and prospective buyers to make informed financial decisions and build wealth. This platform automatically enrolls clients into a communication system, providing monthly home value updates, personalized product and rate analysis, and mortgage protection support. It also serves as a lead generation tool for brokers. Centum Financial Group is a leading Canadian mortgage broker network with over 200 offices and 2200 agents nationwide. Mortgage Monitor™ is currently in pilot with a full release planned for later in Q2 2024.

– Centum Financial Group launches Mortgage Monitor™ to empower homeowners and prospective buyers
– Platform provides monthly home value updates, personalized product and rate analysis, and mortgage protection support
– Serves as a lead generation tool for brokers
– Centum Financial Group is a leading Canadian mortgage broker network with over 200 offices and 2200 agents nationwide
– Mortgage Monitor™ currently in pilot with full release planned for later in Q2 2024



Source link

Continue Reading

Mortgage

Mortgage applications experienced a slight decline last week, even with a decrease in rates.

Published

on

Mortgage applications experienced a slight decline last week, even with a decrease in rates.
Mortgage applications experienced a slight decline last week, even with a decrease in rates.



In the week ending March 29, mortgage application volume decreased by 0.6%, with the average rate for a 30-year fixed-rate mortgage dropping to 6.91%. Refinance applications decreased by 2% compared to the previous week and were down 5% from the same week last year. Purchase applications also decreased by 0.1% compared to the previous week and were down 13% from the same week last year. The refinance share of mortgage activity decreased to 30.3% of total applications, while the adjustable-rate mortgage share remained unchanged at 7.0%. Overall, mortgage rates decreased slightly, but did not significantly impact overall application activity.

– Mortgage application volume decreased by 0.6%
– Average rate for a 30-year fixed-rate mortgage was 6.91%
– Refinance applications decreased by 2%
– Purchase applications decreased by 0.1%
– Refinance share of mortgage activity decreased to 30.3%
– Adjustable-rate mortgage share remained unchanged at 7.0%
– Mortgage rates decreased slightly but did not significantly impact application activity.



Source link

Continue Reading

Mortgage

The level of mortgage applications continues to be low

Published

on

The level of mortgage applications continues to be low
The level of mortgage applications continues to be low



– Mortgage rates declined slightly last week, with the 30-year fixed rate at 6.91% and the 15-year fixed rate at 6.35%
– Refinance share of total applications decreased to 30.3%
– ARM share remained steady at 7% of total applications
– FHA share of total applications decreased to 11.7%
– VA share increased to 12.1%
– USDA share remained unchanged at 0.5%
– Purchase applications were unchanged overall, with FHA purchases increasing slightly
– Refinance applications fell 5% below last year’s pace



Source link

Continue Reading

Trending