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Mortgage News for Monday - August 4, 2003

More Mortgage News
• Buy-to-let market healthy
• HK will increase mortgage limit to boost apartment market
• Homeowners' rate warning
• First-time buyers staking a house
• Singapore banks hit by second-quarter profit drop
• New Albany bank establishes branch in St. Matthews
• Tax bills sent to property owners
• PMI Group, others to acquire GE unit for $2.1 billion
• Before mortgage refinancing know the real cost of renovation
• FHFC commits $50M for first-time home buyers
• 2003 may be the best year ever for local home sales
• CRAIG/is tops list
• Real estate bubble or no bubble? Depends who you ask
• For movers, home sales make up for fewer businesses relocating
• The Bank of Hemet Joins MoneyLine Lending Services to Offer Full-Service Mortgage Lending Program
• Mortgage Refinancings Drop; 'Party Is Over,' Lender Says
• Bank of Internet Posts New High in Profits; Annual Pre-tax Income Surges 176%
• Factory orders 1.7% higher in June
• Low interest rates add new curve to real estate financing
• Fed sees new signs of growth
Mortgage News
2003 may be the best year ever for local home sales - 2003-08-04
To date, it's been a very exciting and active year for real estate. Each month, total home sales have exceeded the same month of the previous year. Just take a look at where we are.

With six months reporting, total home sales are 15 percent ahead of the same reporting period a year ago, which was the previous best year ever. Mortgage interest rates, the lowest since the 1950s, are the driving force.
Read the full story at Birmingham Business Journal
 
CRAIG/is tops list - 2003-08-04
Jeff Craig is nothing if not confident. The 16th floor office his firm, CRAIG/is Ltd., occupies in the Wachovia building effortlessly holds the 117 employees working there now.

The company's work force expanded at an even higher rate: from eight employees when it moved to Jacksonville two years ago to 117 today. It employs lawyers, mortgage brokers, bankers, insurance executives and information technology professionals.
Read the full story at Business Journal of Jacksonville
 






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