UPS Seeing Volume Boost From Refinancing Paper Chase: Freight

Discussion in 'The Latest UPS Headlines' started by cheryl, Jun 19, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Seeing Volume Boost From Refinancing Paper Chase: Freight - Bloomberg

    A surge in mortgage refinancing to the highest in three years is good for lenders, consumers and the economy. It’s also good for United Parcel Service Inc. (UPS), which is carrying refinancing documents throughout the country.

    As more consumers refinance the mortgages on their homes, expedited letter delivery is benefitting, said Art Hatfield, an analyst in Memphis, Tennessee, with Raymond James & Associates. That’s because the time-sensitive nature of loan approvals leads many lenders to ship documents overnight, he said, calling the business a “good-priced product” for UPS.