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Mortgage News for Wednesday - November 26, 2003

More Mortgage News
• 100 WaMu workers lose jobs, more cuts expected
• Growth in GDP surges, strongest since 1984
• Economy delivers a cheery Thanksgiving: Most indicators Positive
• 30-Year Mortgage Rates Increases 0.06 Percent
• Household Finance to Pay $100 Million in Mortgage-Abuse Settlement
• South Carolina Home Sales Increase 25 Percent
• Household International to settle mortgage suit
• Massachusetts Home Sales Up for Fourth Consecutive Month
• Home dream turned nightmare haunts a dying man
• Home sales maintain gains over last year
• New Home Construction in Metropolitan Milwaukee Recovers
• Finance deals face clampdown as complaints leap
• Mortgage loan limit increased in county
• Last-chance mortgage
• Revised GDP sets growth at rate of 8.2 pct.
• Lenders take advantage of homeowners
• Realtors see benefit of higher mortgage loan limit
• Luxury home sales higher
• DOVER-Residents will see a 5.1% jump in property taxes in 2004.
• Cincinnati home sales break another record
• Bankrate: Mortgage Rates Ignores Latest Economic News
• Apex Mortgage Capital Stockholders Okays Merger with American Home Mortgage
• Freddie Mac Statrs Homeownership Effort for Low-Income Renters with Adams County Housing Authority, Bank of Hanover, Waypoint Bank, Housing Council of York
• MBA Likes Senate Passage of the American Dream Downpayment Act
Mortgage News
Bankrate: Mortgage Rates Ignores Latest Economic News - 2003-11-26
Mortgage rates edged up slightly this week, but still stayed below the 6 percent threshold, according to Bankrate.com's weekly national survey of large lenders.

The average 30-year fixed rate mortgage climbed from 5.86 percent to 5.9 percent, amid favorable economic news. The mortgages in this week's survey had an average 0.35 discount and origination points.
Read the full story at PR Newswire via Yahoo!
 
Apex Mortgage Capital Stockholders Okays Merger with American Home Mortgage - 2003-11-26
American Home Mortgage Holdings, Inc. and Apex Mortgage Capital, Inc. declared today that Apex's stockholders have okayed the proposed merger with American Home at Apex's special stockholders meeting which was reconvened today in Los Angeles, California, at 1:00 p.m. Pacific Standard Time.

Philip A. Barach, Chief Executive Officer and President of Apex, said, "We are very pleased that our stockholders have overwhelmingly voted in favor of the merger with American Home.
Read the full story at News Alert
 






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