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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
Canadians invade France and start acquiring real estate - 2004-01-26
Following in the footsteps of their British cousins, Canadians are snapping up vacation property in France in droves.

I love exploring all the little villages. I love cooking too. I could go to a market every day," she said. "It's certainly cheaper than if we bought a place on the west coast of Canada."

She said the rent on her apartment in Vancouver's downtown Coal Harbor district is higher than the mortgage payment on her French retreat.
Read the full story at Taipei Times Online
 
IF to add 200 more staff for mortgages - 2004-01-26
Intelligent Finance, the Edinburgh-based telephone and internet bank, plans to add up to 200 more jobs to cope with an expected increase in business from two new mortgages.

The new mortgages are the first additions to its range since the bank, which specialises in so-called offsetting - linking borrowings against savings to minimise the interest paid - launched three years ago.
Read the full story at Edinburgh Evening News
 






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