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Mortgage News for Monday - November 24, 2003

More Mortgage News
• Ticking off consumers
• Fannie Mae economist believes housing market will continue to grow
• House prices jump in third quarter
• New York mortgage company tries again to get Valley Bank
• Aclarian Mortgage opens in Lakewood Ranch
• Troubled mortgage lender's owner cutting ties to VC fund
• Old National to set up retail branches
• Bank's mortgage unit adopts Six Sigma
• Home equity lines of credit providing new financing option in Texas
• Mortgage lender expanding in FW
• InterFirst Wholesale Mortgage Lending's Financial Institutions Group Appoints Lisa DiFalco Business Development Manager
• California Banks Continue to Hinder African American and Latino Borrowers
• Freddie Mac exagerated earnings by $1B
• House price hike highest since 1982
• New National Code Of Mortgage Company Servicing Prohibitions Laid Out In Federal Settlement
• Property prices continue to go up
Mortgage News
Ticking off consumers - 2003-11-24
Complaints about the Internet and e-commerce made the list of top 10 categories that gave consumers the most trouble for the first time last year, a survey revealed Monday.

Here's the list of the top 10 areas that generated the most consumer complaints last year.

No. 4 offender: Credit. Complaints about predatory mortgage lending, credit card fees and billing, credit repair and reporting, and very pricey small loans helped push "credit" up one notch from the No. 5 slot it held in 2001.
Read the full story at CNN
 
Fannie Mae economist believes housing market will continue to grow - 2003-11-24
With mortgage rates having came off their four-decade lows and home sales believed to have peaked, the housing market may be at a crossroads.

David Berson, chief economist and vice president of mortgage giant Fannie Mae, came to Dallas last week to say he's in the optimists' camp. Berson says housing sales will slow a little over the next year, but that will only mean that 2004 will be the second-strongest year ever.
Read the full story at Miami Herald
 






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