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Mortgage News for Tuesday - February 3, 2004

More Mortgage News
• Mortgage Industry Veteran Peter J. Levasseur Joins American Business Financial Services
• Report Uncovers Huge Rent/Mortgage Burden For Illinoisans
• Impac Mortgage Holdings "buy," target price upped
• Don't pass up tax breaks of home mortgage points
• Mortgage rates expected to be steady
• HSBC Mortgage Corporation (USA), HSBC Bank USA, Freddie Mac, Affordable Housing Partnership Start $25 Million Dollar 'SHOP-CAPITAL' Program
• Mortgage Design Group.Com Leads Effort To Provide Identity Theft Protection In Colorado
• Wells Fargo Home Mortgage Gets NACHA's 2004 Payments System Award
• Homeownership Rate Establish Record in 2003
• Government asked to regulate home reversion plans
• Mortgage loan for recruit endorsed
• Freddie Mac's Loan Prospector(R) Service Reviews 9.5 Million Mortgage Loans in 2003
• Connecticut Consumers Maintain Faith in State Economy
• Outlook: As interest rates start to go up, how far can they go?
• £40,000 debt of the average family
• Columbia shares lower amid changes
• MBA Graduates Certified Mortgage Bankers at CREF Convention
• Security Bancorp, Inc. Release Fourth Quarter Earnings
• MBA Discloses Annual Multifamily and Commercial Servicer Rankings
• UB Mortgage rolls out loan for homeowners staying put
• Those With Poor Credit And Recent Bankruptcies Need To Explore Subprime Lending When Buying Or Refinacing Their Home
• Mortgage of the week - 2nd February 2004
• Recent sales appointments for Mortgage Trust
• Learning the value of a dollar U
Mortgage News
Mortgage Industry Veteran Peter J. Levasseur Joins American Business Financial Services - 2004-02-03
American Business Financial Services, Inc. today disclosed that Peter J. Levasseur has joined the Company as Executive Vice President of Upland Mortgage Brokerage Services, a division of Home American Credit, Inc., a wholly-owned subsidiary of ABFS.

ABFS Chairman and Chief Executive Officer Anthony J. Santilli said, "Peter Levasseur is a seasoned mortgage professional who has an exemplary record within the industry."
Read the full story at Business Wire
 
Report Uncovers Huge Rent/Mortgage Burden For Illinoisans - 2004-02-03
A Chicago-based coalition of community developers states that nearly one in three renters in Illinois devotes more than 35 percent of their income on housing.

The group's statistics show Cook County leads the state in rent-burdened households and in families that are spending more than 35 percent of their incomes to pay their mortgages.
Read the full story at NBC5.com
 






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