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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
Would-be investors on sidelines - 2004-01-30
More than 100,000 Australians - hit by two interest rate hikes late last year - have abandoned plans to buy an investment property this year, according to a survey.

Mortgage broker Mortgage Choice bucked the trend. National corporate affairs manager Warren O'Rourke says that despite the two rate hikes, interest in buying property remains buoyant.
Read the full story at news.com.au
 
Helping hand for first-timer home buyers - 2004-01-30
Britain's property price boom has left a generation of first-time buyers hurrying to get a foot on the ladder. But now lenders are giving borrowers a helping hand.

Mortgage Express has become the latest company to change its own lending rules to allow first-time buyers to take on bigger loans. Northern Rock bank quietly took a similar decision last month.
Read the full story at This Is Money
 






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