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Sense of Deja Vu.(mortgage loan rates)(Brief Article)(Editorial)
The average contract rate on 30-year mortgage loans falls to a 30-year low. Refinancing as a share of loan origination surges past 50%. Economists revise their forecast for lending volume upward. Sound like a collection of headlines from last year? Well, history seems to be repeating itself this year. And while that may be good news for the mortgage industry as a whole, it is wreaking havoc on mortgage servicing departments. Loan boarding and loan payoffs are keeping staffs busy and testing the limits of technology. Lender after lender has had to report writedowns in the value of their mortgage servicing rights (though many, such as Countrywide Home Loans, have used strong origination capacity to offset impairment and amortization).
The parallels to last year are striking. Interest rates have fallen lower than anyone expected this year (most economists had expected rates to rise as the economy regained strength in 2002). Not only that, rates have stayed near record low points much longer than they did in previous refinancing booms such as 1993 and 1998. That has given procrastinating homeowners time to take advantage of the trend.
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- Rights reserved: even the best-laid plans can go amiss. But travel providers...
- Magazine article from: American Drycleaner Steingold, Fred S. June 1, 2003 700+ words
You're on a business trip, and the airline bumps you--then loses your suitcase. The car-rental rep gets you to buy insurance you don't need. And the hotel is overbooked, so the room you reserved isn't available. Business travel can be a pain--there's no telling what to expect. But one thing is
- Your rights reserved? The copy-protection battle will shape Apple's multimedia...
- Magazine article from: Macworld Peoples, Glenn February 1, 2006 700+ words
With its video-capable iPod and a new iMac designed to double as a home entertainment system, Apple is quickly becoming as much a multimedia company as a computer vendor. It has already sold more than 600 million songs and more than 28 million iPods, and it passed the one-million-videos-sold mark
- All rights reserved.... Well, maybe not: copyright in a Web world. (includes...
- Magazine article from: Searcher Ardito, Stephanie C. Ebbinghouse, Carol May 1, 1997 700+ words
...organization pays for a publication. However, the Texaco case comes to mind, where a library spent thousands of dollars each year on journal subscriptions and still got sued by publishers because their researchers copied articles from the subscribed journals...
- All rights reserved.(Apple Computer Inc., Apple Computer Inc. iTunes Music...
- Magazine article from: Macworld Snell, Jason June 1, 2005 700+ words
...would be illegal under the DMCA. Want to make a backup copy of your Finding Nemo DVD because you're worried that your three-year-old will scratch the original beyond repair? You're out of luck (unless you want to use illegal DVD-copying software...
- All rights reserved: how the gene-patenting race is affecting science. (Cover...
- Magazine article from: Science News Wuethrich, Bernice September 4, 1993 700+ words
...controversy are the pending patents filed by NIH on 6,122 gene fragments. Although lawyers at the patent office may argue for years before deciding whether these genetic scraps can be owned, Congress has meanwhile mounted its own investigation, mandating...
- Mine's a beer (patent pending, all rights reserved). (Philippine brewer to...
- Magazine article from: The Economist (US) October 29, 1988 700+ words
...Asia Brewery's latest attempt to cut into the $540m a year Philippine beer market has raised a storm of protest. San Miguel...word is synonymous with its own pale Pilsen. In the past 40 years San Miguel has bankrupted successive rivals. Recently its sales...
- Mikohn to Unveil Exciting Lineup of New Slot Games, Table Games, Mystery...
- Press release article from: Business Wire October 4, 2004 700+ words
...exciting new products at this year's Global Gaming Expo. Highlights...Officer of Mikohn stated; "This year's show is by far the most...tremendous effort to deliver on this year's show." About Mikohn...Signatures Network Inc. All rights reserved. GARFIELD Characters (C...
- International/Europe.(Statistical table)
- Magazine article from: National Petroleum News July 15, 2006 700+ words
...c]Catalist Limited 2006. All rights reserved. Statistics by Brand in Belgium...c]Catalist Limited 2006. All rights reserved. Statistics by Brand in France...c]Catalist Limited 2006. All rights reserved. Statistics by Brand in Germany...
Source: HighBeam Research, Sense of Deja Vu.(mortgage loan rates)(Brief Article)(Editorial)