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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
North Dakota Parole board turns down parole for Milwaukee Man - 2004-01-07
The North Dakota Parole Board said no to early release for a Milwaukee man serving a prison sentence in North Dakota for taking the identity of a man who was found dead.

Gaede was sentenced in October 2002 to four years in prison. He had admitted stealing from his Fargo employer, Compressed Air Technologies, and using the name of Timothy Wick to get a mortgage for a house in Gardner, about 30 miles north of Fargo.
Read the full story at Duluth News Tribune
 
NextRE simplifies transactions for new home buyers - 2004-01-07
Armed with technological help, financial relationships and a reputation for providing one-stop home services, NextRE’s simplified transaction process gives buyers of newly developed homes an advantage by turning a seemingly daunting task into an enjoyable experience.

From working with the builder to determine the right options and getting the contract completed, to helping to secure the appropriate mortgage, to managing a smooth closing, it’s all part of NextRE’s responsibility, knowledge and commitment to making a transaction happen.
Read the full story at Cape Gazette
 






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