Higher Mortgage Rates Dampen Home Loan Demand - 2004-01-19
Australians' demand for new home loans dropped sharply after the Reserve Bank's first interest rate hike last November, adding to the case for the bank holding off tightening credit further in the coming months.

With variable mortgage rates starting to rise, a record 32.7 per cent of all finance approvals in November were to refinance an existing loan. The percentage of fixed rate loans rose for a fifth consecutive month, to 15.2 per cent.
Read the full story at Financial Review

Indian IT company inks $20 million deal with US mortgage firm - 2004-01-19
New Delhi, iGate Global Solutions, one of India's top software services firms, Monday said it had reached a $20 million deal with a US-based financial services firm for managing back-office processes.

iGATE Global will manage California-based GreenPoint Mortgage's back-office processes for a period of five years to enhance the company's efficiency and operational excellence, said an iGate press statement issued here.
Read the full story at KeralaNext.com