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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
Gains for northern homeowners in 2003 - 2004-01-06
House prices jumped by 33.7% in the north of England during 2003, more than double the national average increase of 15.4%, according to the Halifax house price index, published today.

The number of first-time buyers entering the market is currently at the lowest level seen since 1974. According to the Council of Mortgage Lenders (CML), only 330,540 homebuyers got a foot on the property ladder for the first time in the first 11 months of 2003.
Read the full story at Guardian Unlimited
 
Construction activity breaks another record - 2004-01-06
Construction reached yet another summit in November, carried to record activity for the fifth consecutive month by the rush of the late summer's wave of home buying.

That surge included strength in public and private construction but was mostly swept along by a virtual tsunami in real estate: Residential construction soared 14.1 percent during the month in the wake of four-decade lows in mortgage rates.
Read the full story at Atlanta Journal And Constitution
 






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