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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
Ohio agrees with state right to regulate banks - 2003-08-27
Ohio is part of a group of 35 states supporting Connecticut's right to assert regulatory control over the state-chartered subsidiary of a federally chartered bank.

"In the specific field of mortgage lending, the business in which Wachovia Mortgage engages, both federal and state courts have upheld the validity of state laws designed to prevent lenders from engaging in fraud, predatory lending, redlining and other unconscionable practices," according to the brief.
Read the full story at Dayton Business Journal
 
Mutual's mortgage lending higher - 2003-08-27
Principality Building Society further increased its mortgage lending in the first half of this year, although its pre-tax profit level fell slightly.

The Cardiff-based mutual yesterday posted its interim results to the end of June this year, which showed a 35% increase in mortgage lending to £388m, underlying that the housing market in Wales is showing no signs of cooling.
Read the full story at icWales
 






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