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Mortgage News for Tuesday - March 23, 2004

More Mortgage News
• Arizona Bank names new senior vice president
• MortgageIT files for IPO
• U.K. Treasury Says BOE Must Cap House-Price Growth
• Two lots in Clyde bought for Habitat
• SOCIETY ESTABLISHES NEW MORTGAGE RECORD
• Bank of England's Large Says Debt Gain a Risk to U.K.
• US mortgage bonds flat to firmer in light trade
• CLOSING COSTS: HUD puts brakes on mortgage plan
• Minister pins hopes on new mortgage system for army
• Weak US jobs scene boosts mortgage industry hiring
• Homebuilders Financial Network Begins 2004 With Major Expansion, Launches Mortgage Companies
• Pulaski Mortgage HQ Groundbreaking Ready for Thursday
• Is it smart to pay off home mortgage early?
• Fed chief endorses mortgage debt
• Dollar Bank Announces its Fifth Annual 'Mortgages for Mothers' Workshop
• Reverse mortgages provide hope
• ICBA Likes Decision to Withdraw Proposed RESPA Amendments
• Allied Dunbar fined over mortgage endowment complaint procedures
• Area man pleads guilty to mortgage fraud scheme
• A Russian reform hits home: mortgages
• PricelineMortgage Offers A Second Opportunity To Take Advantage Of Low Mortgage Rates
• A new life – or a debt magnet?
• UK household debt could rise to 1990s levels
• HSBC Bank moving legal headquarters to Delaware
• Residents slow to take advantage of mortgage rates
• Bankruptcies 15% higher
Mortgage News
Arizona Bank names new senior vice president - 2004-03-23
William F. Frank, president and chief executive of Mesa-based Arizona Bank & Trust, Tuesday announced that Timothy F. Gilker has been put as senior vice president and manager of the residential mortgage loan department.

According to Frank, Gilker has more than 15 years of experience in mortgage banking. He began his career in 1988 as a mortgage broker in Michigan and relocated to Arizona in 1992.
Read the full story at The Business Journal
 
MortgageIT files for IPO - 2004-03-23
MortgageIT Holdings Inc., a lower Manhattan-based residential mortgage lender, filed on Tuesday for an initial public offering, approximately $250 million.

The company didn't specify share prices or a date for the offering, but said it would use proceeds to fund loans and purchase mortgage-backed securities and for working capital and potential acquisitions.
Read the full story at Crain's New York Business
 






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