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Mortgage News for Wednesday - September 17, 2003

More Mortgage News
• Housing Construction Drops in August
• WaMu settles mortgage service suit
• Telemarketers' convention focuses on survival
• U.S. Can't Pull World Economy Out Of Slump
• Huge Mortgage: Going Broke
• Verify home's title to make sure all owners are protected
• GMAC mortgage finances $4.5M garden apartments near Palisades
• Victims struggle to repair credit due to ID theft
• Mortgage Banker Association Tells Members To Deliver On Promises
• LenderTechnologies Releases ProtectInfo Customer Information Security Service
• Home Purchase Applications Up as Interest Rates Continue to Drop in Latest MBA Survey
• 100 bucks will secure affordable housing
• Realtors(r) Support Two-Package Approach To RESPA
• Construction labors to reach turning point
• International habitat - Auburn-based company brings workers in from Mexico, Japan for Habitat for Humanity
• Fed Signals a Spate of Low Interest Rates
• Graduates better at paying off loans
• Property boom sparks fears
Mortgage News
GMAC mortgage finances $4.5M garden apartments near Palisades - 2003-09-17
GMAC Commercial Mortgage Corp. has made available a $4.5 million in fixed-rate, long term refinancing for a local garden-style apartment complex.

Local GMAC Commercial Mortgage vice president and branch manager Chad Hagwood arranged the transaction. RCP Timberfalls LLC received the funding.
Read the full story at Birmingham Business Journal
 
Victims struggle to repair credit due to ID theft - 2003-09-17
Jeff Nitschke has devoted "countless hours" toiling to restore his credit rating after an acquaintance took his identity and racked up thousands of dollars in bad credit-card debt.

And never has that information been more at risk of being stolen, causing consumers to face not only monetary losses but also damage to their credit ratings, which can determine whether they get a job, a car loan or a mortgage.
Read the full story at Macon Telegraph
 






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