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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
IFG arm sees 46% mortgage increase - 2004-01-26
Wholesale mortgage group Mortgage Business Solutions has posted business of €859m for 2003, a jump of 46% on the previous year.

MBS, a subsidiary of financial services group IFG, says it now has 7% of the mortgage market. The company says it expects another record year for new mortgages in 2004, with 50,000 houses being built and interest rates remaining low.
Read the full story at OnBusiness
 
Savers sock more away - but many set no cash aside - 2004-01-26
Britons hiked the amount they saved by 20% during 2003, but almost a third of people still put nothing aside at all.

"Despite the recent small rise, mortgage rates remain low, but people need to heed the warning and rein in their spending in favour of saving. They should be looking far more favourably on saving as a means of planning for the future."
Read the full story at Ananova
 






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