Apply Online Today!

Zip Code:
Loan Purpose:



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
OTP plans 16% revenue growth at parent bank in 2004 - 2004-02-16
OTP Bank's pre-tax profit is expected to increase by 25% next year, while net profit may even grow by 30%, according to plans announced by chairman and CEO Sandor Csanyi on Friday.

OTP expects a monthly increase of about HUF 20 billion in mortgage loan stock, and forecasts average outstandings to exceed HUF 700 billion in 2004. The average mortgage loan stock was around HUF 400 billion in 2003.
Read the full story at Interfax Information Agency
 
Mortgage firm appoints Sexton vice president - 2004-02-16
Central Pacific Mortgage has appointed Kevin Sexton as executive vice president of production. Sexton will oversee sales, marketing and production. He brings with him almost 20 years of mortgage banking experience to the position.

He most recently worked as vice president and director of national accounts for GE Mortgage Insurance Co.
Read the full story at sacbee
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER