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Mortgage News for Monday - January 5, 2004

More Mortgage News
• A second home may not be vacation paradise
• A fire does effect home equity
• Stay-at-home mom doesn't want to go back to work
• Construction spending breaks record for fifth straight month
• Ex-receiver now a mortgage lender
• Balancing family, work: More Americans realize they can't have everything
• Where are house prices going in your town?
• U.S. consumers living dangerously with high debt
• Time to manage credit-card debt and start planning for taxes
• Steady House Values Across UK
• Banks Has Cheapest Mortgages - Survey
• DEVELOPER MAY LOOK FOR DEAL ON HOUSING DENSITY
• Plenty of million dollar homes on the market
• Ryan looks to improve region's economic climate
• Robert Dozier Jr., Mortgage Executive
• Festive spending causes bankruptcy hangover
• Thailand May Encourage Banks to Merge to Increase Competitiveness
• Australian Building Approvals Decreased 5%
• RBC Mortgage Renames More Than 115 Branches After Recent Acquisition
• Oak Street Mortgage Hires Portfolio and Pricing Manager
• Reverse mortgage expensive but may assist retirees
• US mortgage rates same Monday
• US to lean on Fannie, Freddie on affordable housing
• Lucky Winner Starts 2004 With An Extra $88 Million
Mortgage News
RBC Mortgage Renames More Than 115 Branches After Recent Acquisition - 2004-01-05
RBC Mortgage Company disclosed today that all former branches of Sterling Capital Mortgage Company, which were bought in September 2003, will convert to the RBC Mortgage brand, effective immediately.

"Our goal is to create one RBC Mortgage brand across the country -- and build a strong U.S. presence for RBC Financial Group," said Jon Legg, chief executive officer of RBC Mortgage.
Read the full story at Market Wire
 
Oak Street Mortgage Hires Portfolio and Pricing Manager - 2004-01-05
D. Scott Clarke, Executive Director of Oak Street Mortgage, disclosed that David Kroeger, a financial services industry veteran, has been hired as Portfolio and Pricing Manager.

"Dave has extensive experience in modeling portfolio performance," stated Clarke. "He has a strong background in financial services as well as the mortgage industry. I believe he will be a significant contributor to Oak Street"
Read the full story at PR Newswire
 






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