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Mortgage News for Wednesday - August 27, 2003

More Mortgage News
• Mortgage applications lower as refinancing boom ebbs
• Banks: Mortgage Worries
• Consumer confidence on rise
• Borrowers take on debt to pay off bills
• High house prices support rental market
• Wealth management revolution applies pressure on banks
• Henderson woman battling for her home
• How to forecast mortgage payments
• Area home prices have little chance of decline, study reveals
• Housing starts continue to increase, new data indicates
• Ohio agrees with state right to regulate banks
• Mutual's mortgage lending higher
• Mortgage player Wachovia sues over state regulations
• Pennsylvania bank acquires Resource Bankshares
• Freddie Mac, CANC to provide credit education
• Property owners will get duplicate bills
• Mortgage Lender First NLC Financial Services Promotes Derek Marose
• Home sales still healthy
• Office, apartment values begin to drop
• UK residential property market sees growing interest, rents rise
• Mortgage growth steadier in January
• Mortgage Endowment Disappointment
Mortgage News
Consumer confidence on rise - 2003-08-27
Consumer confidence climbed in August from a decrease in the previous month as thousands of households surveyed expressed a growing belief that better times were ahead, a private research group indicated yesterday.

Meanwhile, the government reported a surge in July for big-ticket items, and new-home sales dipped as rising mortgage rates turned off some house hunters, but still posted their second best month on record.
Read the full story at Seattle Times
 
Borrowers take on debt to pay off bills - 2003-08-27
Almost one in four people are resorting to loans and credit cards just to pay their household bills or meet day-to-day living costs, research said today.

According to accountancy firm KPMG, just over half of the 2,000 people questioned owed up to £10,000, excluding their mortgage, while 16% had accumulated debts of between £10,00 and £40,000.
Read the full story at Guardian Unlimited
 






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