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Mortgage News for Wednesday - March 17, 2004

More Mortgage News
• Rate drop energizes mortgage refinancing
• Is Mortgage Mania Back?
• Global housing market crash predicted
• Southern Calif. home prices sets new record in Feb
• Rate drop reboosts U.S. mortgage refinancing
• Greenspan Declares U.S. Banks in Good Shape
• Mortgage Company Investigated
• State Bans Spokane, Wash., Mortgage Firm's Owners for Charging Illegal Fees
• Creditors Wait for Cash at Bankrupt Spokane, Wash., Metropolitan Mortgage
• Adelaide Bank mortgage bonanza
• Creditors Wait for Cash at Bankrupt Spokane, Wash., Metropolitan Mortgage
• Adelaide Bank mortgage bonanza
• FAQ on mortgage refinancing
• Prioritizing your finances, step-by-step
• Scotiabank unveils the Long and Short mortgage
• Acquire first home with a lift
• Shareholders okays BofA, Fleet merger
• Pa. mortgage lender enters Birmingham
• Home-buying assistance offered
• Capital Bank Mortgage Appoints New President
• Capital Mortgage Funding Announces Office Expansion
• Weigh home options
Mortgage News
Creditors Wait for Cash at Bankrupt Spokane, Wash., Metropolitan Mortgage - 2004-03-17
Monday's meeting of Metropolitan Mortgage & Securities Inc. creditors amounted to one pressing question: "Will we get our money back?"

"Basically, we just wanted someone to give us information, like 'What are the prospects for getting something back?' " said Harry Martin of Spokane.

The answers weren't so simple, but Metropolitan's new management team pledged to try.
Read the full story at Miami Herald
 
Adelaide Bank mortgage bonanza - 2004-03-17
Record mortgage lending was likely to boost returns to Adelaide Bank shareholder after another bumper full-year profit, group managing director Barry Fitzpatrick declared yesterday.

Defying the national trend of declining lending rates, Mr Fitzpatrick said mortgage approvals were running at about $600 million a month.

He is expecting the bank's full-year net profit to be at the top end of market expectations, with some analysts tipping up to $64 million.
Read the full story at Courier Mail
 






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