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Mortgage News for Monday - September 15, 2003

More Mortgage News
• House price index at odds with lenders
• House price reports don't add up
• Struggling family acquires home with help of nonprofit group
• Housing prices higher, but financing down: BMO
• Banks eager to promote home equity lines of credit
• Mortgage rates a quarter percent lower
• UK house prices increase 14% in year
• Wells Fargo Home Mortgage will create 21 jobs downtown
• Pressure off on bank staffs as mortgage refi business cools
• Students dropped rent for mortgage
• A chastened Silipigno vows collapse of mortgage company will not be his life story
• Businesses follow residential borrowers into mortgage refi arena
• BUYERS CASH IN ON REAL ESTATE BOOM
• Habitat home completed
• Bank of Granite set to grow with Cornelius branch
• GE Mortgage Insurance removes home price limits
• Quebec homeowners get easier access to home equity borrowing through CIBC
• New index reveals house prices up 14%
• Middle class barely gets by
• The myth of a self-supporting recovery
Mortgage News
UK house prices increase 14% in year - 2003-09-15
House prices in the UK have surged 14.6 per cent in the last year to July, according to a new government index published today.

The figures, released by the Office of the Deputy Prime Minster, are based on around a quarter of all properties bought with a mortgage each month.

The move follows calls from the Bank of England and the Treasury for an official monthly house price index, in an aim to provide a clearer picture of the market.
Read the full story at Edinburgh Evening News
 
Wells Fargo Home Mortgage will create 21 jobs downtown - 2003-09-15
An expansion by Wells Fargo Home Mortgage will add 21 new jobs in downtown Davenport, company officials declared Monday morning.

Wells Fargo Home Mortgage, a wholly owned subsidiary of Wells Fargo Corp., will open a new state-of-the-art operations center on the third floor of the downtown Wells Fargo bank building. The new center will provide back-office functions for the growing network of Wells Fargo mortgage centers.
Read the full story at QC Times
 






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