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Mortgage News for Wednesday - January 14, 2004

More Mortgage News
• Average mortgage rates for 1-family homes
• U.S. weekly mortgage requests up last week
• Treasuries Up: We Have No Inflation
• Brokers open discussion on merger
• California Sues Florida Mortgage Company for Supposedly Do-Not-Call Violations
• 4th-quarter earnings lower at Bank of Granite
• Housing economists expect drop in 2004
• Metropolitan Mortgage Investors Fear Huge Losses
• Time to put financial strategies in place
• Changing situations? Change your mortgage
• Drawing equity to invest
• Renters in Otay Mesa against condo conversion
• Rise in home-repair loans credited to ads
• Thriving Real Estate and Mortgage Markets to Feed Mexico's Structured Finance Growth in 2004
• Manhattan Apartment prices up on supply squeeze
• Fannie Mae rated "market outperform"
• Time to pare back your spending
• County home sales growing
• Economists: Home-price growth to taper off
• BB&T Places First Among Banks in National Survey of Home Mortgage Customer Satisfaction
• UK housing market maintains upward trend
• Interest rate cuts could be on horizon
• Habitat homes can pay off
• Texas Veterans Land Board Picks MortgageFlex's LoanQuest Servicing
• Bank veteran to manage outlying Vectra branches
• Denver real estate still slow
Mortgage News
Rise in home-repair loans credited to ads - 2004-01-14
Interest in city-subsidized home-repair loans in Philadelphia jumped significantly last year, with 119 loans okayed in the first half of the fiscal year starting July 1.

That's well above the 80 loans approved for all of the previous year. The maximum loan amount is $25,000, and borrowers can take up to 20 years to repay.

Find more information on PHIL loans at www.philaloan. com or contact PNC Bank, Wachovia Mortgage, Fleet Bank or Citizens Bank.
Read the full story at Philadelphia Inquirer
 
Thriving Real Estate and Mortgage Markets to Feed Mexico's Structured Finance Growth in 2004 - 2004-01-14
In 2004, overall growth in Mexico's structured finance market will be driven primarily by the country's active mortgage and real estate markets, which are expected to grow by at least 30%.

In addition, the deepening sophistication of investors will aid in the market's continuing diversification into new assets, supported by an improving credit environment that will enhance the stability of ratings across all sectors, according to credit analysts at Standard & Poor's Ratings Services.
Read the full story at Business Wire
 






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