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Mortgage News for Monday - March 1, 2004

More Mortgage News
• US 2003 home prices climb 7.97 pct vs yr ago
• Avoid remortgage pitfalls
• Mortgage borrowing slows but credit card spending higher
• Would You Like a Mortgage With Your Mocha?
• Don't take mortgage advice from Alan Greenspan
• Construction Outlays Slip in January
• Mizuho Financial Group to Lower Standard Mortgage Rates
• Mitsui Mutual Life, Sumitomo Mitsui Banking Team Up in Mortgages
• Property Appreciation Brings More than Wealth in Katy, Texas-Area Subdivision
• Experts' Opinions Split on Housing Bubble Bursting
• Home purchasing has more twists for doctors
• Westpac sounds reassuring note
• Mortgage boost supports house price boom
• Pay off HELOC with credit card?
• Mortgage Bank Abbey profit policyholders miss out yet again
• Keep ambitions in tune with your finances
• Low rates don't dent debt mountain
• HSBC announces record profits
• Co-op eliminates 'trust mortgages'
• MuniMae earnings higher for year, down for quarter
• HIGHER LENDING FUELLING UNSUSTAINABLE HOUSING BUBBLE
• Family ensnared by housing loan scheme
• FTC Report Against Mortgage Broker Compensation Disclosures
• Slicing utility costs takes load off mortgage
Mortgage News
HIGHER LENDING FUELLING UNSUSTAINABLE HOUSING BUBBLE - 2004-03-01
Commenting on Bank of England figures on lending to individuals out this morning Vince Cable MP, Liberal Democrat Shadow Chancellor, declared:

"Soaring mortgage lending is fuelling an unsustainable house price bubble.

"Large numbers of people are gambling on the house price boom - a gamble they may regret if house prices start to fall.
Read the full story at at Liberal Democrat Party
 
Family ensnared by housing loan scheme - 2004-03-01
Angela Rivers was aware that the Tampa Heights house with the weathered siding and rusty tin roof needed work, but she thought it might finally be the place where, after 20 years, she and her husband could live the dream of owning their own home.

That name is one of several allegedly invented by former Tampa mortgage broker Matthew B. Cox to buy 21 properties in Tampa Heights and use them to obtain $2.7-million in fraudulent loans.
Read the full story at St. Petersburg Times
 






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