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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
Is the Mortgage Rate the Only Key Factor in Selecting a Mortgage Solution ? - 2004-03-15
A survey of Quebec homeowners done by National Bank shows that, other than already being a customer of the institution, interest rates and service quality are the two factors that sway consumers the most when it comes to choosing their mortgages.

All else being equal, these two criteria show how important it is to offer attractive solutions and to do business with a team of advisors who are specialized, accessible and available.
Read the full story at Stockhouse Canada
 
Financing construction of a new home - 2004-03-15
Dear Dr. Don,
My wife and I recently purchased a lot to construct a home on about a mile from where we live now. Our home we live in now is worth about $210,000 and the home we want to build should come in at about that amount also since the lot is paid for already.

A home equity type loan against our present home or a separate first mortgage / construction type loan on the new home?
Read the full story at Bankrate.com
 






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