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Mortgage News for Sunday - October 19, 2003

More Mortgage News
• Mortgage House will increase growth
• Market waits for ANZ to report
• Chargebacks and Fraud Prevention for Merchants
• A dream unfulfilled: Affordable homes elude thousands at Shore
• Open houses refined over years as a real estate sales tool
• Banks Form Loan Program to Assist Downtown Waterloo, Iowa, Firms
• Economists expect no rise for now
• Credit Card Debt Accumulates, as Consumers Live Lifestyles They Can't Afford
• Apartment Rents, Vacancy Rates Firm in San Luis Obispo, Calif.
• Money lessons for kids of any age
• Affordable housing glossary
• Housing funds assists 'real people'
Mortgage News
Mortgage House will increase growth - 2003-10-19
Non-bank lender Mortgage House of Australia intends to more than triple its branch numbers in the next few years as the non-banks' attack on big banks' mortgage market share shows no signs of slowing.

Mortgage House, now 10 per cent owned by Macquarie Bank - which is also Mortgage House's main loan funder - but controlled by Ken Sayer, last week signalled plans to add another 18 to 20 company-owned sites in NSW.
Read the full story at Melbourne Age
 
Market waits for ANZ to report - 2003-10-19
With ANZ less than two weeks away from a decision about whether to acquire National Bank of New Zealand, investors will want to get further details about the deal's progress when the bank reports annual results on Friday.

For 2004, estimates are that ANZ will earn between $2.32 billion and $2.58 billion, reflecting the winding down of the Australian mortgage market and the expected effect of the Reserve Bank's credit card reforms, to be introduced on November 1.
Read the full story at Melbourne Age
 






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