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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
Those With Poor Credit And Recent Bankruptcies Need To Explore Subprime Lending When Buying Or Refinacing Their Home - 2004-02-03
With high unemployment rates, a sluggish economy and household debt touching record levels, the number of personal bankruptcies in the U.S. continues to grow -- 835,080 in the first six months of 2003 alone.

One result of this precarious economic environment is that homeowners and prospective homebuyers with poor credit or recent bankruptcies are turning to online mortgage companies or private lenders to refinance or purchase their new home.
Read the full story at PR Newswire
 
Mortgage of the week - 2nd February 2004 - 2004-02-03
Independent mortgage broker Mortgage Talk shows the week's best mortgage deals.

Short Term Fixed Rate
The Bank of Ireland is offering a fixed rate until the First of May 2006 at 4.49% (APR 5.7%). The valuation fee is £240, with an arrangement fee of £299.

Long Term Fixed Rate
The Bank of Ireland is also offering a mortgage fixed until the 1st May 2009 at 4.99% (APR 5.0%). The valuation fee is £200, with an arrangement fee of £299.
Read the full story at Mortgage Introducer
 






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