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Mortgage News for Tuesday - January 20, 2004

More Mortgage News
• Mortgage firms concerned for restrictions
• Mortgage firm to generate 400 jobs in NI
• Mortgage rates take a tumble
• Pacifica Bank Unveils Expanded Mortgage Loan Services
• 2004 Economic forecast: Mortgage Rates
• HK Mortgage Corp To Acquire HK$1B Loans From Bk Of East Asia
• Borrower with less than 20% equity must have this on FHA-insured mortgages
• Securing a legitimate mortgage price
• 'Zero down' home purchase plan
• Federal Housing Administration Wants New Home Loan Program
• Citigroup, Bank One Top Estimates
• Hot Housing Market Attracts More New Newcomers to Realty Profession
• Real Estate Services Firm Plans to Simplify Home Buying
• Mortgage brokers must disclose kickbacks
• Construction Activity Gathers Steam in Waterloo, Iowa, Area
• Wells Fargo's 4Q Earnings Up 10 Percent
• British private debt higher
• Leave the No Call list alone
• Help on the way for home buyers
• Elderly Investors Claim Ponzi Scheme Against Metropolitan Mortgage and Summit Securities
• Baird & Warner Names New President of Its Mortgage Company
• Indiana requires new law to stop predatory lenders
• Housing market "to beat predictions"
• Ten-Year Treasuries Drop on Forecasts for Stronger U.S. Economic Growth
• Mortgage lending wisdom
• U.S. January Homebuilder Index Drops to 68 From 70
• Economists provide mixed housing forecast for '04
• Some hope for home buyers
Mortgage News
Construction Activity Gathers Steam in Waterloo, Iowa, Area - 2004-01-20
For the fourth consecutive year, Cedar Falls is beating Waterloo in value of construction projects.

Through the first half of the fiscal year, the Waterloo Building Inspections Department has issued permits for 32 new single-family homes, 22 condominiums, a duplex and a 12-unit apartment building, with a combined value exceeding $8 million. That's well ahead of the prior year's activity and, with low home mortgage interest rates staying low, shows no signs of slowing down.
Read the full story at Miami Herald
 
Wells Fargo's 4Q Earnings Up 10 Percent - 2004-01-20
Wells Fargo & Co.'s fourth-quarter profit increased 10 percent, continuing the banking giant's 2 1/2-year streak of double-digit earnings growth despite the recent slowdown in its mortgage lending business.

The San Francisco-based bank said Tuesday it earned $1.62 billion, or 95 cents per share, during the final three months of 2003, up from $1.47 billion, or 86 cents per share, a year earlier.
Read the full story at Newsday
 






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