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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
Aclarian Mortgage opens in Lakewood Ranch - 2003-11-24
Aclarian Mortgage has a new establishment at 6751 Professional Parkway W., Suite 104, in Lakewood Ranch.

Bob DeCecco is Aclarian's chief executive officer. The staff combines expertise in loan origination, processing, underwriting and closing of residential home loans. The business offers purchase and refinancing for first mortgages, second mortgages, jumbo mortgages up to $20 million, home equity lines of credit, as well as cash out refinancing for all types of consumers with all types of credit.
Read the full story at Herald Tribune
 
Troubled mortgage lender's owner cutting ties to VC fund - 2003-11-24
Gary Craig, whose Partners Mortgage Corp. wanted Chapter 11 bankruptcy protection last month with $80 million in liabilities, is attempting to sell his 20 percent stake in Seattle private equity firm Buerk Craig Victor LLC.

Craig, a co-founder of the 20-year-old firm, was primarily responsible for fund raising at BCV. He left the company in August to focus on the problems at Partners Mortgage, a private lending firm based in Mercer Island.
Read the full story at Puget Sound Business Journal
 






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