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West Bancorporation, Inc. Declares Quarterly Dividend; Fourth Quarter Earnings ...
This year, the volume of loans originated declined due to a slowdown in refinancing activity, so the mix of mortgage loan activity was more heavily weighted to home-purchase loans. This typically results in lower margins than loans attributable to

When Did the Rangers Begin to "Suck"?
With Lester Patrick, one of the greatest defensemen of the previous era, as head coach and general manager, the Rangers were successful, every which way, from the start, making the Playoffs in their first season, 1926-27, and then winning the Stanley

Cardinal Announces Fourth Quarter Earnings
In November, the bank completed its branch profitability analysis and decided to close two low performing offices during the 1st quarter of 2014. Mortgage Banking Segment Income Review Cardinal also operates several other subsidiaries: George Mason

Austin mortgage exec to lead new Texas lender
Cannatti formerly was the Texas area manager for Cherry Creek Mortgage Corp. He held other positions with Network Funding LP, Countrywide Home Loans and 1st Metropolitan Mortgage. He has served as president of the Austin Mortgage Bankers 

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Madhu K. Mohan Acquires 3197 Shares of WashingtonFirst Bankshares Inc. (WFBI) Stock

WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) Director Madhu K. Mohan purchased 3,197 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were acquired at an average cost of $27.20 per share, with a total value of $86,958.40. Following the acquisition, the director now directly owns 35,833 shares in the company, valued at approximately $974,657.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .

Shares of WashingtonFirst Bankshares Inc. ( NASDAQ:WFBI ) opened at 27.11 on Wednesday. The firm has a 50 day moving average price of $24.98 and a 200-day moving average price of $23.51. The company has a market cap of $332.29 million, a price-to-earnings ratio of 19.64 and a beta of 0.10. WashingtonFirst Bankshares Inc. has a 52-week low of $19.50 and a 52-week high of $27.89.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Tuesday, December 13th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, December 9th. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. This is an increase from WashingtonFirst Bankshares’s previous quarterly dividend of $0.06. WashingtonFirst Bankshares’s payout ratio is currently 17.39%.

Will US Housing Real Estate Market Tank in 2017?

Like most financial assets, home prices have been stuck in a sideways trend since 2014 and by all appearances weren't going anywhere anytime soon. The chart shown here from the Calculated Risk blog shows the CoreLogic Home Price Index from a yearly percentage change standpoint. The dramatic increase in the tax and regulatory burden courtesy of the outgoing regime contributed to this standstill. In the last several months it was the uncertainty over the November presidential election which contributed to subdued speculative activity in the financial markets.

Now that the uncertainty has lifted to a large degree, asset prices are breaking out from their constrictive trading ranges, with many stock market sectors making nominal new highs. Investors are hopeful that the incoming administration will be more pro-business than the last one. Even real estate prices have ticked higher on a year-over-year basis, as shown by the above chart.

With continued strength in real estate prices comes an increase in home equity wealth for homeowners. According to CoreLogic, home equity wealth has doubled since 2011 to $13 trillion due mainly to the housing market recovery. Moreover, CoreLogic has forecast that a continued five percent rise in home values in the coming year would create an additional $1 trillion in home-equity wealth for homeowners.

My buddy wants me to be a mortgage broker with him, what should I ask for?

He's offering $1000 a month salary plus 30% splits.

He mentioned something like starting at 60% before? But I'm new so he's starting me at 30%?

why on earth would you enter the mortgage business at this time?

I'm unclear about the situation. Are you currently working with this guy and he is starting his own mortgage company?