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Mortgage News for Friday - January 30, 2004

More Mortgage News
• Ask the expert: Poor credit histories
• Company reliability queries grow
• E-loan posts poor results, mortgage refinancing down
• Economy Grows at 4% Rate in Last Quarter of 2003
• Consumer debt growth cools down
• Bay Area housing values healthy -- for now
• A flexible new way to purchase a home
• Mortgage Lender Washington Mutual cuts 98
• December mortgage jump establish record
• Piling America with unhealthy debt
• Minnesotans May Look Back at 2003 as Year Filled with Financial Misery
• Property Owners in Norwalk, Conn.-Area Look at Reverse Mortgages
• Saving to pay down the mortgage
• Higher mortgage rates no worry: trust
• Would-be investors on sidelines
• Helping hand for first-timer home buyers
• Nice house - with a £12m mortgage
• Mortgage securities boost economy
• Renters don't buy into condo plan
• Akron-area firms erroneously on mortgage broker registration revocation list
• Firefighter program lowers costs of houses
• Housing supply blunts the region's growth
• Broker is facing mortgage charges
• Cash purchase or mortgage for a home?
• Mortgage rates stay low, home buyers enjoy
• Spokane home sales establish records again last year
Mortgage News
Renters don't buy into condo plan - 2004-01-30
Guadalupe Ortiz says she doesn't require a mortgage lender to tell her that she and her husband wouldn't qualify for a loan to purchase their apartment, which might soon be converted to a condominium.

Like many of the tenants at the 188-unit Southgate Village Apartments in South San Diego, Ortiz and her family live month-to-month, have no credit and work mostly low-paying jobs.
Read the full story at SignOn San Diego
 
Akron-area firms erroneously on mortgage broker registration revocation list - 2004-01-30
The Ohio Department of Commerce's Division of Financial Institutions said made an error in placing an Atlanta-based company on its list of 14 mortgage-broker companies that may see their registrations be revoked or not renewed.

Alta Financial Corp., which does business as Alta Financial Corp. of Ohio and has a Wooster branch, should not have been on the list, department spokesman Dennis Ginty said.
Read the full story at Akron Beacon Journal
 






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