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Mortgage News for Tuesday - January 6, 2004

More Mortgage News
• Buy-to-rent market picks up
• November construction revises record
• Gains for northern homeowners in 2003
• Construction activity breaks another record
• Banks Work to Narrow Cultural Divide with Hispanic Customers
• House prices increased 15.4% on year
• Healthy Spending In Construction
• U.S. property bond supply could drop in 2004 - S&P
• HMO Mortgages Won't Work, ICBA Informs Congress
• With U.S. reliant on Chinese lending, two economies interwined
• NAR:Economy Improves, Home Sales Softer in 2004
• ABN AMRO Mortgage Group's Record-Shattering Year-to-Date Production Tops $120 Billion
• Mortgage Industry Veteran Barry P. Epstein Joins American Business Financial Services
• LSB Expands in Guilford County New Office to Operate in Jamestown in Spring
• FHA bumps up mortgage insurance limits
• Turner should help rein in mortgage lenders
• New book gets down to mortgage facts
• Mortgage rates edge up, but home sales still strong
• Ass. Mortgage Intermediaries Guide to "Cold Calling"
• Real estate advice: Seller financing avoids loan 'points'
• Construction Boost Builds Optimism
• No bust but housing market to weaken - NAEA
Mortgage News
Buy-to-rent market picks up - 2004-01-06
The average rent investment landlords received for their properties increased slightly during the last quarter of the year as demand for rental property went up, research showed today.

The Association of Residential Letting Agents (ARLA) said average rental yields rose to 5.5% of a property's value from 5.3% the previous quarter, to average £285 a week.
Read the full story at Guardian Unlimited
 
November construction revises record - 2004-01-06
Construction spending broked another record in November as continued low interest rates boosted home building. State and local governments did their part by pushing their building activity to all-time highs as well.

Home building and home sales were pushed to record levels in 2003 as the Fed's campaign to jump-start the economy kept mortgage rates at levels not seen since the late 1950s.
Read the full story at Modesto Bee
 






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