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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
Residents slow to take advantage of mortgage rates - 2004-03-23
Now is one of the best times in recent history to refinance or purchase a home, but fewer people in Johnson County are taking advantage of the attractive rates than expected.

On Monday, the 30-year fixed rate homeowners and buyers would pay on a $150,000 loan was 5.25 percent - much lower than it was earlier this year, and nearly as low as it was last June when rates dropped dramatically to 4.88 percent, local mortgage loan officers said.
Read the full story at Press-Citizen
 
Bankruptcies 15% higher - 2004-03-23
As terrible as last year was for going broke in Colorado, 2004 is starting out even worst.

In addition to a $393,000 mortgage on his Highlands Ranch home, he listed $100,000 in unpaid credit card bills from 10 different creditors. The couple's monthly take-home income of $4,100 is $1,300 short of their average monthly expenses, according to the filing.
Read the full story at Rocky Mountain News.com
 






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