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Mortgage News for Wednesday - February 4, 2004

More Mortgage News
• US 03 refinancings establish record $139 bln-Freddie Mac
• U.S. weekly mortgage requests dropped last week- MBA
• Average price for first house breaks £100,000
• An Investment Legend's Advice
• First United Bank to Establish Two Branches in Amarillo, Texas
• Toledo, Ohio, Victims of Predatory Mortgage Lending Turn to Mediation Program
• Warning over home equity release
• Home Upgrades That Pay
• Interest Rates stay the same... for now
• Rates reprieve, but borrowers still feeling the pressure
• Demand for business loans increasing
• ''Smart Commute'' Program Provides Added Mortgage Benefits to Home Buyers on Atlanta's Transit Routes
• House prices surging again
• Capital mortgage lender's collapse reviewed
• Variable home mortgage rates lifting
• Council agrees with apartment tenants
• Farmworkers await completion of affordable homes in West Delray
• Former mortgage executive ordered to testify
• Cash-Out Refinancing Activity Increased In 4Q Of 2003
• Eight weeks until early application discount ends, FSA reminds mortgage firms
• STANDARD LIFE STILL IN THE NEWS
• Take precautions against ID theft
• Single-family home prices at record high and still going
• County home sales set record year
Mortgage News
First United Bank to Establish Two Branches in Amarillo, Texas - 2004-02-04
Amarillo will soon have another bank as First United Bank sets up two full-service branches.

Bentley said, "Both locations will be full-service banks offering consumer, commercial, real estate, agricultural and mortgage lending. We will also offer our customers an array of financial services including online banking, online bill paying, cash management, imaged statements and other financial and advisory services."
Read the full story at Miami Herald
 
Toledo, Ohio, Victims of Predatory Mortgage Lending Turn to Mediation Program - 2004-02-04
While a Lucas County judge decides whether to turn down Toledo's predatory lending law, home buyers who believe they were cheated are getting some relief from a private program that mediates disputes with borrowers.

Judge Robert Christiansen is considering motions from a mortgage industry trade group and Ohio Attorney General Jim Petro to overturn the ordinance that has been amended twice since it was signed into law by Mayor Jack Ford in late 2002.
Read the full story at Miami Herald
 






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