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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
Abana Realty relocates to Hoover, triples HQ size - 2003-09-29
Abana Realty, a two-year-old company having rapid growth in its residential services and new home construction, is almost tripling the size of its headquarters.

All 65 Abana agents will work under one roof at the new headquarters, as will representatives from mortgage companies.

Customers will be able to get mortgage approval, have an agent help them buy or sell a home, and close the deal at the new facility.
Read the full story at Birmingham Business Journal
 
Low mortgage rates boost commercial lending in first half of 2003 - 2003-09-29
Homeowners weren't the only ones who acted on taking advantage of the lowest interest rates in decades. According to a recent survey by the Mortgage Bankers Association of commercial and multifamily mortgage originations, lending volume for the second quarter this year was up by 56 percent -- credited largely to refinancing in the multifamily industry.

The largest dollar increase in loan originations was in apartment lending, the survey revealed.
Read the full story at San Antonio Business Journal
 






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