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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
Mortgage borrowing slows but credit card spending higher - 2004-03-01
British consumers as a group pushed themselves £10.6bn further into debt in January, according to figures released by the Bank of England today.

However, mortgage borrowing actually saw a slowdown, suggesting the threat of further Bank of England base rate increases could be hitting home. The total value of all home loans approved was £25.7bn gross, £1.1bn lower than the average in the three months leading to December.
Read the full story at Guardian Unlimited
 
Would You Like a Mortgage With Your Mocha? - 2004-03-01
There's no confusing the First Bank of the United States in downtown Philadelphia. It looks the way a bank is supposed to look: solid, with tall Corinthian columns supporting a weighty triangular pediment.

ING Direct's products are straightforward: mortgages and home-equity loans, a half-dozen mutual funds, and CDs and savings accounts that pay some of the highest rates available. There are no fees or minimums. Customers can manage their accounts online, by phone, or by mail.
Read the full story at Fast Company
 






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