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Mortgage News for Monday - September 29, 2003

More Mortgage News
• Consumers need help
• Locals advertise homes on Web sites, but takers unlikely
• Atlantic Station condos attracts hordes of buyers
• Retiring baby boomers will keep property prices high
• Mortgage rates decrease for 3rd straight week
• The intelligent way to use credit card balance transfers
• Mortgage industry prepares for rate increases
• Shut down mortgage firm sued
• BofA using online helpers to increase mortgage business
• Higher California mortgage defaults predicted
• Suit: Fountainhead charging 'sham' fees
• Area banks' ROA dips below national average in second quarter
• Real estate on the menu
• Soaring real estate values provides mortgage insurance relief to some
• Wachovia Mortgage begins e-mail effort
• More people face money problem
• Abana Realty relocates to Hoover, triples HQ size
• Low mortgage rates boost commercial lending in first half of 2003
• Finance firm expands rare network
• New regulations may lower manufactured home sales
• Competition Creates Sunday Banking Hours
• Slight increase in interest rates doesn't slow buyers
Mortgage News
Finance firm expands rare network - 2003-09-29
An expanding Citrus Heights financial company continues to add new firms to its growing network of companies, creating a kind of team that's rarely seen because it's so complex.

Tax & Financial Professional Center Inc. is growing through mergers and affiliations to include tax, accounting, mortgage, real estate, appraisal, advisory, insurance, business brokerage and employee benefits administration services.
Read the full story at Atlanta Business Chronicle
 
New regulations may lower manufactured home sales - 2003-09-29
Doug "Tiny" Keller, manager of Clayton Homes in Sevierville, believes manufactured home businesses in the county might be affected due to new regulations from mortgage giant Fannie Mae.

In response to a rising number of delinquencies and foreclosures, Fannie Mae is making it tougher to get manufactured home loans. The company now requires a 10 percent down payment for 30-year mortgages on such homes, plus a fee of 0.5 percent of the loan amount.
Read the full story at Mountain Press
 






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