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Mortgage News for Friday - February 20, 2004

More Mortgage News
• Mortgage rates dip to lowest level in 7 months
• Alliance & Leicester posts strong profits growth
• Plans to assist house buyers
• Don't fear U.S. consumer meltdown
• California housing market prices set new records in January
• Mortgage Bank A&L reports 12% jump in profits
• Guru Face-Off: Home Builders
• Investors in Nevada Mortgage Brokerage Fund Fight Court's Decision
• The figures suggests a rosier job picture
• Habitat for Humanity Gives Itself New Home, Resale Store in Toledo, Ohio
• Regulators file charges against failed bank's ex-president, associate
• Mortgage lending up, strong retail sales add to pressure
• Housing prices continue to increase amid robust sales
• Mortgage and general insurance - transitional provisions for consumer complaints
• OFFER TO SHARE WHICH CAN PROVIDE FIRST-TIME BUYERS A LEG UP ON PROPERTY LADDER
• U.S. mortgage bonds lower after January CPI rise
• Will economy be Bush's downfall
• Condos hit single-family price parity
• MCAP Inc. Posts Fourth Quarter Earnings
• Lenders providing more flexible ways to buy home
• Mortgage Refinancings boost revenues in county clerk's office
• Inflation lower in January
• Rivoli declares stock split, annual earnings
• Peninsula 'hotter than a pistol'
Mortgage News
Regulators file charges against failed bank's ex-president, associate - 2004-02-20
The ex-president of a failed bank will be dealt civil and administrative charges filed by federal regulators, who also froze more than $4 million he took out from the bank after investigators showed up there earlier this month.

The Office of Trust Supervision, a Treasury Department agency which closed the single-branch Dollar Savings Bank last Saturday, said Robert DeMane and an associate, Larry Marro, set up unauthorized mortgage operations outside the bank's lending area.
Read the full story at AP via New Jersey Online
 
Mortgage lending up, strong retail sales add to pressure - 2004-02-20
The news coincided with better than expected retail sales which will support the call to raise rates in an attempt to keep a lid on consumer spending.

Yesterday, the British Bankers' Association said that mortgage lending in January had risen at its fastest pace since November 2001 as people take advantage of interest rates which are still at historically low levels despite two recent rate hikes.
Read the full story at Yorkshire Post
 






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