Originator Census Survey; Another Lender Purchased; It's All About Greece?

Posted To: Pipeline Press

“One.” That is the extra second that June 30 th has today to correct clocks for the earth’s rotation. “330,820.” That is the number of times America’s net worth could travel around the earth if dollar bills were place end to end. How much money is that? American’s net worth is now $84.9 trillion. We could travel to the sun and back 42 times on the backs of a first quarter climb in stocks and home prices. This is an increase from $83.3 trillion in the final months of last year with stock portfolios rising $487 billion and home values increasing by $503 billion. These rising home prices are helping to rebuild Americans’ ownership of their homes. Home equity was equal to 55.6 percent of the value of U.S. housing in the first quarter, the highest ratio in more than eight years (36.9% during the…(read more)

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Source: Mortgage News Daily

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