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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
£40,000 debt of the average family - 2004-02-03
Personal debt is set to touch the trillion pound mark by this summer, leading to warnings we are on the edge of a financial meltdown as a nation.

According to new figures published by the Bank of England, the average household now owes around £40,000 through mortgage debt, credit cards and personal loans. Overall, British households now owe more than £934bn to banks and credit providers
Read the full story at This Is Money
 
Columbia shares lower amid changes - 2004-02-03
Shares of Columbia Bancorp continued to drop from a one-year high last month as the banking company declared management changes and modest gains for 2003.

The company attributed the declining fourth quarter to a sale of a building in the similar quarter the previous year and a drop in mortgage refinancing activity that has affected banks nationwide.
Read the full story at Washington Times
 






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