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Mortgage News for Wednesday - January 7, 2004

More Mortgage News
• U.S. home loan applications climb upward
• More credit pain coming?
• Job growth key to home sales
• Proposed Rules on Mortgages Attract Criticism
• N.Y. Firm Hires Ex-Treasury Officer
• US CREDIT-Monitoring interest-rate volatility
• 2003 bankruptcies expected to break record
• Endowment pain for homebuyers
• Gig Harbor site of homebuying class at end of month
• Judge says no to release request for former mortgage company owner
• Cape housing market healthy
• First Federal of the South Announces Purchase of Walton Mortgage
• Deal with debt in the new year
• Housing prices may start to drop in 2004
• North Dakota Parole board turns down parole for Milwaukee Man
• NextRE simplifies transactions for new home buyers
• Daniel G. Merkel Promoted to Regional President of Commercial Banking For Ohio at Republic Bank
• Business Bank of Nevada Hires Longtime Commercial Real Estate Lender to Handle Increased and Expanded Lending Activity
• Former attorney pleads guilty in real estate fraud
• Developers finding patience key in rejuvenate old properties
• N.Va. home sales robust before winter slide
• Broker charged with embezzlement
Mortgage News
Cape housing market healthy - 2004-01-07
In 2003, Cape Codders landed with both feet into the mortgage re-financing boom. Meanwhile, the value of the average property sale continued to rise, according to data from the Barnstable County Registry of Deeds.

The registry tracks all property sales, residential and commercial, between $25,000 and $1 million. It also tracks mortgages, including refinancings.
Read the full story at Cape Cod Online
 
First Federal of the South Announces Purchase of Walton Mortgage - 2004-01-07
Joe K. McArthur, President and CEO of First Federal of the South today announced, "I am pleased to report that Walton Mortgage, Inc., situated in Chelsea, Alabama, has joined First Federal's wholly-owned subsidiary, SouthFirst Mortgage, Inc., effective immediately."

"We are extremely pleased to have Ms. Dot Walton and Ms. Alana Beaugez, Walton Mortgage's CEO and President, respectively, join our SouthFirst family. Both Dot and Alana bring many years of outstanding mortgage loan experience to SouthFirst Mortgage."
Read the full story at Business Wire via Yahoo!
 






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