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Mortgage News for Thursday - January 15, 2004

More Mortgage News
• U.S. Mortgage Rates Decreased to 5.66 Percent
• Mortgage Player National City to restate past results
• Washington Mutual to shut East Bay loan-processing center
• Property Valuations Sees Big Increase
• Mortgage Player Countrywide becomes primary dealer with Fed
• Former Owner of Norfolk, Va., Hotel Recieves Jail Sentence for Mortgage Scam
• Council Agrees On Consensus for Affordable Housing Resolution
• Improve credit score before applying for a mortgage
• TCF Financial: interest rates negatively affect lending revenue
• Ohio Agency Investigates Actions of Defunct Westerville Mortgage Firm
• Prices of Manhattan Apartments Expected to Climb Upward This Year
• Why Housing Should Stay Robust
• Can we afford buy-to-rent?
• County housing sizzled in '03
• Lowest inflation in four years
• What's our best mortgage alternative?
• Should you go for a piggyback mortgage?
• Reasons for mortgage refinancing
• Tips to get out of debt
• More advice on avoiding mortgage-insurance fees
• San Diego Median $405,000 Highest Ever
• HomeBanc does $5.9 billion in mortgage loans in 2003
• US consumer debt hits record levels
• New home construction explodes
• Florida Civil Suit Can Go Ahead in Mortgage Fraud Case Despite Criminal Probe ( )
• Mortgage insurance player will take a $96M charge
• Anworth Mortgage Asset Corporation Posts Earnings of $0.36 Per Share for the Fourth Quarter of 2003
• Availent to Buy First Texas Residential Mortgage
Mortgage News
San Diego Median $405,000 Highest Ever - 2004-01-15
San Diego County housing prices jumped 17.3 percent in 2003, ending the year with a median above $400,000 for the first time. Sales last year totaled 59,526 homes, the highest since the boom year of 1988, and 8.4 percent ahead of last year.

UCSD economist Ross Starr said the relatively strong local economy, limited supply of housing and the lowest mortgage interest rates in memory combined last year to make many buyers out of renters.
Read the full story at SignOn San Diego
 
HomeBanc does $5.9 billion in mortgage loans in 2003 - 2004-01-15
HomeBanc Mortgage Corp., one of the biggest independent mortgage lenders in the Southeast, closed $5.92 billion in mortgage loans in 2003, compared with $5.02 billion in 2002.

HomeBanc plans to close $6.3 billion in mortgage loans in 2004 and plans to open three to five new markets during the year, according to Patrick Flood, HomeBanc chairman and CEO.
Read the full story at Atlanta Business Chronicle
 






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