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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
North Fork, GreenPoint to shut 15 banks - 2004-02-18
Fifteen of the 340 bank branches currently owned by the combined GreenPoint-North Fork would be shut down as a result of the $6.3 billion deal.

Most of the facilities slated to be shuttered are in New York City, said North Fork CEO John Kanas Tuesday as he announced the acquisition, which combines North Fork, primarily a commercial bank, with a consumer bank that also has a national mortgage business.
Read the full story at Crains NY Business
 
Mortgage lending surge boosts Britannia - 2004-02-18
Britannia Building society today promised to maintain the rate of sales growth after lending hit record levels in 2003.

The UK's second-biggest building society said it offered mortgage loans totalling £5.8bn to customers - up 18% on the previous year.

More than 2m members of Britannia were rewarded for the strong performance in the year to December 31 with payouts averaging £19.
Read the full story at This Is Money
 






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