Mortgage Industry Turns To IT For Faster, Cheaper Closings - 2004-03-26
Mortgage-industry execs are happy with a decision by the Department of Housing and Urban Development to shelve proposed market reforms for the consumer-mortgage process.

The HUD changes would have encouraged mortgage lenders to disclose more fully the final costs of settlement closing fees such as title insurance and appraisal.
Read the full story at InformationWeek.com

Hawaii mortgage rates 5% to 5 1/8% - 2004-03-26
For a second week, two of Hawaii's top five lenders have provided a quote of 5 percent for a 30-year fixed-rate mortgage while the other three quoted 5 1/8 percent. Several smaller lenders remain below 5 percent.

First Hawaiian Bank and Central Pacific Bank are the two remaining at 5 percent, though Central Pacific raised its points from a flat 2 to 2.125. Points are loan fees, expressed as percentage points of the amount you're borrowing.
Read the full story at Pacific Business News