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Mortgage News for Monday - February 16, 2004

More Mortgage News
• Homeownership is good at tax time
• Developers cut incentives
• North Fork Said to Be Near Deal to Acquire GreenPoint Financial
• Fannie Looks Southwest For Home
• Building society announces best lending figures
• California Home Prices Goes On To Break Records
• OTP plans 16% revenue growth at parent bank in 2004
• Mortgage firm appoints Sexton vice president
• NAB chairman Allen resigns
• Tax Time 2003
• ‘LIFETIME’ MORTGAGE RISE COULD MEAN DANGER FOR UNPROTETCED BORROWERS
• Fulton County mortgage tax increase
• Mortages "volatile" in OCR wake
• The Fed on Mortgage Giants Freddie and Fannie
• Finance Ministry Studies Tax Breaks for 'Reverse Mortgage'
• Bank of Nova Scotia to lower mortgage rates
• Abbeys new specialist mortgage service to work on large loans
• Back Yard: Group raising funds to build houses
• FREDDIE MAC ASSISTED A RECORD NUMBER OF FAMILIES OBTAIN LOW COST MORTGAGES AND AFFORDABLE HOUSING IN 2003
• FREDDIE MAC APPOINTS NEW VICE PRESIDENT FOR SALES
• New county housing plan puts homes in reach of the disabled
• Tool Adjusts Mortgage Lending Playing Field Between Credit Unions and Nationwide Mega-Lenders
• Local brothers build paperless mortgage origination system saving processing time
• Get credit cleaned up before interest rates rise
• Mortgage bank eliminates N. Virginia jobs
• Don't buy into a mortgage mess
Mortgage News
Local brothers build paperless mortgage origination system saving processing time - 2004-02-16
Mike and Mark Blair are identical twins who realized that they also have similar beliefs about the industry that employs them.

They're also entrepreneurs who have put their heads together to create the first paperless mortgage system that's already begun to simplify the way residential mortgage applications are processed.
Read the full story at Observer-Reporter
 
Get credit cleaned up before interest rates rise - 2004-02-16
If economic experts are correct, that interest rates will start climbing again any day now, what actions should you take to protect your pocketbook?

The Smiths don't change a blessed thing. They go right on paying their current mortgage, continue to make only the minimum monthly payments on their credit cards and other personal loans, and decide to put off buying their next car for a year or more.
Read the full story at Sun-Sentinel.com
 






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