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Mortgage News for Wednesday - February 18, 2004

More Mortgage News
• Ceres family wins house giveaway
• Residential construction activity slows
• U.S. housing starts fall, store sales up
• US mortgage requests higher, 30-yr rate at 7-month low
• AOL applies heat on alleged Sunshine State spammers
• US Weekly Mortgage Requests Higher in Week
• Pay down a mortgage with a home-equity loan
• Move up and out - but stay put
• Manchester council tenants 'better off purchasing'
• Free wheeling parents leave little inheritance
• Seattle-Based Washington Mutual to Open 50 More Branches in Chicago Area
• Don't bank on Bradford & Bingley
• Dayton, Ohio, Housing Authority to Review Links with Nonprofit Agency
• Executives Draw Paychecks at Bankrupt Spokane, Wash., Metropolitan Mortgage
• Should I offset mortgage?
• Not so sweet equity release
• North Fork, GreenPoint to shut 15 banks
• Mortgage lending surge boosts Britannia
• Bank's MPC members unanimous on interest rate hike
• Prepaying mortgage hikes taxes?
• Bermuda housing market forces 'out of control', claims economist
• Greenspan to Congress: Future looks bright
• Keep up with the going mortgage rate
• Many waltham residents in danger of being forced away by quickly rising costs
• Dubai house prices should double
• Fannie Mae critical of Fed study on its market role
Mortgage News
Seattle-Based Washington Mutual to Open 50 More Branches in Chicago Area - 2004-02-18
Washington Mutual's grab for more of the banking business in the Chicago area is not abating. The Seattle-based thrift announced Tuesday that it plans to open 50 new branches in the city and suburbs in 2004.

Some analysts had predicted that Washington Mutual's growth would slow, especially after its mortgage business dropped off last year when the refinancing boom died.
Read the full story at Miami Herald
 
Don't bank on Bradford & Bingley - 2004-02-18
Bradford & Bingley might seem like a solid, conservative lender full of good old-fashioned Northern caution. But the bank is fighting to assuage investors' fears that it is a high-risk organisation coasting perilously along a cliff-edged housing market.

The traditional high street lender has long gone, replaced by a specialist mortgage provider that lends to wannabe landlords, self-certified borrowers who vouch for their own income.
Read the full story at Independent
 






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