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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
BUYERS CASH IN ON REAL ESTATE BOOM - 2003-09-15
Eighty of the 101 flats for sale at the former Aggie Weston building in Devonport were liquidated after they went on the open market at the weekend. Estate agents making the sale said there was an 'incredible response' and now, coupled with advance sales, only 20 flats remain available.

Haart mortgage consultant Philip Williams said they had received 'a lot of enquiries' since the £5 million redevelopment project was given planning permission.
Read the full story at Torquay Herald Express
 
Habitat home completed - 2003-09-15
Nelly Ortega and her daughter, Debbie, were handed the keys to their new home Sunday, the sixth constructed by Habitat for Humanity in the Wisconsin Rapids area.

As part of the agreement with Habitat, Nelly was required to put in 500 "sweat hours" on the home herself - in addition to the two jobs she holds down. She also made the first mortgage payment during the presentation.
Read the full story at Wisconsin Rapids Tribune
 






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