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Mortgage News for Monday - March 15, 2004

More Mortgage News
• OFFICIAL-UPDATE 2-U.S. 2004 new mortgage supply
• Bush Touting Home Ownership in Pa.
• Mortgage Giant Fannie Mae's investment portfolio shrinks in Feb.
• A Call to Adjustable Rate Mortgages
• Surging house prices fail to deter first-time buyers
• Iowa-Based Custom Molding Firm Enters High-End Home Market
• Is the Mortgage Rate the Only Key Factor in Selecting a Mortgage Solution ?
• Financing construction of a new home
• Forum for first-time home buyers
• Loan blow for first-time buyers
• Clinics offer mortgage foreclosure victims aid and advice
• Bank repossessed and sold wrong flat
• Nonprofit housing group assists area homeowners
• Big brokers filling niche carrying loans such as mortgages
• CampusMBA Graduates First Class of Certified Mortgage Technologists
• MBA Revises '04 Mortgage Origination Forecast
• US mortgage bond spreads mixed before Fed talks
• Greenspan: adjustable mortgages can save money
• Leaders unveil plan to curb predatory mortgage lending
• Plymouth Exchange Adopts Mortgage Builder's Wholesale Broker Web Site
• Rapid Reporting Helps Protect The Mortgage Network Against Fraud Menace
• 3t Systems Upgrades Mortgage Cadence to Enhance Mortgage Lenders' Workflow and Core Business Capabilities
• Pink highlights strength of mortgage club
• Preferred Financial Group Growth Propels Millbrae-Based Mortgage Firm into Opening New Offices
Mortgage News
Surging house prices fail to deter first-time buyers - 2004-03-15
First-time buyers are going back to the housing market despite another month of surging prices, the National Association of Estate Agents said today.

The figures have come as a surprise to some industry experts. They are in marked contrast to a sur vey published last month by Halifax, the UK's biggest mortgage lender. It reported that the plight of first-time buyers had worsened and concluded that they are now priced out of the market in eight out of 10 towns.
Read the full story at Guardian Unlimited
 
Iowa-Based Custom Molding Firm Enters High-End Home Market - 2004-03-15
A northwest Cedar Rapids business has entered the market for new homes that highlights the owner's character and tastes.

Spur Millwork Inc., 225 K Ave. NW, manufactures custom wood molding and doors for new home construction as well as remodeling and expansion of existing homes. Historic low mortgage rates have spurred home building, creating a thriving market for building material suppliers.
Read the full story at Miami Herald
 






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