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Mortgage News for Monday - January 26, 2004

More Mortgage News
• Freddie Mac retained portfolio smaller in December
• Existing home sales establish a record in 2003: 6.1 million
• Santa Fe, N.M., Home Prices May Remain Same in 2004
• Don't bite off too much house
• IFG arm sees 46% mortgage increase
• Savers sock more away - but many set no cash aside
• Canadians invade France and start acquiring real estate
• IF to add 200 more staff for mortgages
• Cincinnati Home Sales Break Record For 2003
• Pulaski blunts mortgage downturn with other business
• Illinois home sales 5% higher in 2003, setting new record
• First Banks' Q4, fiscal year profit up
• Remortgaging your home to save money
• Real Estate Expo Comes to Miami
• Kerry's six million dollar mortgage for campaign
• Area Residents Indicted for Fraud and Obstruction of Justice
• BM Solutions at mortgage trail again
• Florida's Existing Home Sales Up 14 Percent, Median Sales Price increases 12 Percent in December
• Blacks Returning to New South
• US mortgage-backed bond prices lower, spreads widen
• Economic worries run high in Arizona
• CMG Mortgage Services Broker Guy Schwartz Earns Prestigious National Mortgage Industry Certification
• Good Times Still a Go for Housing Market
• Buyers fall behind on mortgages, fail to keep homes
• United Bancorp, Inc. Reports Record Earnings Reflecting an Increase of 16% for 2003
• SecureMove releases lifetime mortgage service
Mortgage News
United Bancorp, Inc. Reports Record Earnings Reflecting an Increase of 16% for 2003 - 2004-01-26
United Bancorp, Inc., headquartered in Martins Ferry, Ohio posted record earnings of $3,639,391 for 2003 versus $3,220,163 for 2002. For the year basic earnings per share was $1.04 for 2003 compared to $0.90 for 2002, a solid increase of 16%.

With the low interest rate environment in 2003, the Company's secondary market mortgage program generated a gain of $286,832 compared to $179,683 for 2002.
Read the full story at PR Newswire via Yahoo!
 
SecureMove releases lifetime mortgage service - 2004-01-26
SecureMove Corporate Property Services has released what it regards as the first end-to-end service for UK lifetime mortgage providers from a single supplier.

The new lifetime mortgage property service offers a managed sales programme to assist the lender, its customer or the estate optimise the best asset value. It provides periodic property inspections, specialist reports, cleaning and clearance and market appraisals for the lender
Read the full story at Mortgage Introducer
 






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