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Mortgage News for Saturday - January 10, 2004

More Mortgage News
• Mortgage owner's tactics under fire again
• Real Estate Mailbag
• 30-Year Loan Rates Edge Up to 5.87%
• For Homeowners, Lucrative Tax Benefits Depend on Interpretation of 'Principal Residence'
• Computers change US mortgage lending-study
• Renters Soon Get Opportunity To Boost Credit Records
• Find a cheaper mortgage loan
• The hottest suburb by a country mile
• Waterloo, Iowa, Area Expects Another Year of Robust Residential Sales
• Housing starts in 2003 at highest level since 1988, declares housing agency
• Wells Fargo banking charters combined in South Dakota
• Habitat for Humanity wants local support
• The art of finding a house
• First Financial stock falls on mortgage news
• Metro foreclosures at 15-year high
• New Visions to deliver services for residents of housing complex
• Mortgage Limit for Federal Housing Administration Loans Upped
• Brown County looks for lost real-estate records
• Group sets sight on predatory lending
• National housing starts reaches 15-year high in 2003
• Ryland Announces Plan to Repurchase Stock
• Centrue Financial Hires Regional President for Kankakee
Mortgage News
Group sets sight on predatory lending - 2004-01-10
Bad credit is no obstacle, the man in the suit advises the elderly woman. His firm, he mentions, specializes in loans to people in her situation, quickly flipping through some papers he places in front of her. All she has to do is sign on the bottom line.

So goes the pitch of the predatory lender in a video produced by the Indiana Mortgage Bankers Association. The video is designed to teach people about the dangers of predatory lending and how to avoid becoming a victim.
Read the full story at MyInKy.com
 
National housing starts reaches 15-year high in 2003 - 2004-01-10
Housing starts across Canada reached a 15-year high in 2003, Canada Mortgage and Housing Corp. said Friday, as low mortgage rates and strong job growth created demand for new homes.

The Crown corporation reported that housing starts totalled an annualized 217,600 last month, up from 215,000 in November.

The strong end to the year boosted the actual total for 2003 to 217,800, up 6.2 per cent from 2002's record showing.
Read the full story at Ottawa Business Journal
 






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