MBA Supports Introduction of FHA Zero-Down-Payment Legislation - 2004-02-05
The Mortgage Bankers Association today supports Rep. Patrick Tiberi for introducing legislation that would permit the Federal Housing Administration to offer a zero-down-payment product for first-time homebuyers.

This legislation is in response to FHA's efforts to create mortgage products that serve families who are unserved or underserved by the private market. The U.S. Department of Housing and Urban Development (HUD) estimates 150,000 people would qualify for the new loan annually.
Read the full story at Mortgage Bankers Association

Wells Fargo Plans to Hire 400 Bankers, Financial and Home Mortgage Consultants - 2004-02-05
Despite tepid economic growth in many parts of California, Wells Fargo & Company is readying for more growth in its largest market with plans to hire more than 400 people in Los Angeles this year.

As part of its aggressive growth plan, the company said it also expects to open at least 25 new banking stores in communities throughout Los Angeles Wells Fargo Home Mortgage expects to open six home mortgage stores, all in low-to-moderate and
multicultural areas of Los Angeles.
Read the full story at PR Newswire