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Arizona Wholesale Mortgage

Arizona Mortgage Rates: Smashing The Competition

Arizona Wholesale Mortgage here... Just having some fun with our super low mortgage rates and a little fun with our Arizona mortgage competition ...

Tech Products; Disaster Updates; Rates Moved by Peace/Tax Plan

Research by the Washington Post finds only about 20% of homeowners in Texas counties that were hit by flooding have flood insurance. In separate, but related news, a GOBankingRates survey from a while back finds Americans say they have the following dollars sitting in their savings account: $0 (39%), $1 to $999 (18%), $1,000 to $4,999 (12%), $5,000 to $9,999 (6%), $10,000 or more (25%). That means 57% of people have less than $1,000 in savings right now. Real problems.

Disaster Updates

As the extent of Florida's damage from Irma continues to be assessed, Plaza is implementing temporary disaster policy to assist clients and their borrowers. Refer to  Plaza's Disaster Policy  which indicates, based on loan program, when an appraiser or property inspector can complete the inspection. Loans already submitted, Plaza will reissue disclosures to each borrower, based on the unforeseen circumstance of the hurricane to include the cost for the disaster reinspection. Two additional counties in the state of Georgia, Liberty and McIntosh, have been designated by FEMA as a disaster area and eligible for individual assistance; inspections will be required.

Wells Fargo & Company (NYSE:WFC) Shorts Down -6.69% – Currently Trading Down

Investors are a little more bullish on Wells Fargo & Company lately if you pay attention to the motion in short interest. The firm recorded a fall in short interest of -6.69% between September 15, 2017 and September 29, 2017. Short shares decreased from 31,920,359 to 29,786,382 over that period. Days to cover decreased from 2.0 to 2.0 and the percentage of shorted shares was 0.01% on September 29.

Here are a few substantial investment firms who have updated their positions. As of quarter end Cigna Investments Inc /new had disposed of 2,323 shares trimming its position 1.3%. The value of the investment in Wells Fargo & Company decreased from $10,242,000 to $10,067,000 a change of $175,000 quarter to quarter. As of the end of the quarter Fulton Breakefield Broenniman LLC had sold a total of 3,435 shares trimming its stake by 1.6%. The value of the total investment in Wells Fargo & Company went from $11,804,000 to $11,559,000 a change of 2.1% for the reporting period.