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Mortgage News for Monday - March 17, 2003

More Mortgage News
• Licensing mortgage lenders and brokers
• Gov. Sonny Perdue has signed a new predatory lending act
• Low rates mean bustling business for mortgage companies
• Mortgage providers scramble to catch up
Mortgage News
Low rates mean bustling business for mortgage companies - 2003-03-17
Hall of Fame footballs signed by Len Dawson and "pine tar bats" signed by George Brett are just a few of the extras offered to get customers to refinance homes.

But with many no-fee or low-fee options available and interest rates at the lowest level in decades, homeowners already have plenty of financial incentive to revisit their current mortgage and consider refinancing.
Read the full story at The Business Journal of Kansas City
 
Mortgage providers scramble to catch up - 2003-03-17
Ask banking analysts about the residential mortgage industry, and they'll declare it's experiencing its largest boom in 40 years. Ask banking executives and they'll say it feels like they're in the middle of the biggest, and most unpredictable boom ever.

The question now is how long it will last and what exactly the fallout will be for these companies once the boom begins to bust.
Read the full story at Cincinnati Business Courier
 






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