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Mortgage News for Monday - March 29, 2004

More Mortgage News
• Mortgage borrowing soars to £9bn in February
• ResMAE Opens Two New Mortgage Processing Centers in Illinois and California to Support Continuing Growth
• Pulte Homes Top-Ranked Homebuilder in BusinessWeek's List of 50 Best Performers
• Mortgage research firm will move to Jacksonville
• Some Homebuyers Giving Up Due to High Prices and Robust Bidding
• Housing inventory almost empty
• Mortgage Rates Hover Near Historic Lows
• No ceiling on Manhattan condo, coop prices
• Assembly GOP unveils housing rehab plan
• Mortgage Player Wholesale Lending Online Reports Fourth Quarter Earnings
• Fannie, Freddie uneasy about Senate overhaul bill
• Mortgage-Education.com to provide online education services to BilingualUniversity.com
• Bush Campaign Says Tax Relief Is the Key
• This Old Money Gusher
• WPFG adds mortgage partner
• Mortgage growth fuels talk of rate rise
• THDA unveiling new low interest mortgage requirements
• Lenders Offering Alternative Mortgage Options
• Three Southern Californians arrested in alleged $30 million mortgage fraud
• WPFG adds mortgage partner
• Del Mar Database Adds Industry Veterans to Enhance Product Offering; Executive-Level Additions Add More Than 45 Years of Mortgage
• A Budding Recovery for Multifamily
• Used-Home Prices Higher
• Homeownership Rates Still on the Increase
• Housing Activity
• Bubble trouble?
Mortgage News
Mortgage borrowing soars to £9bn in February - 2004-03-29
Mortgage borrowing expanded at its fastest pace on record last month, according to figures from the Bank of England yesterday that indicate households shrugged off the impact of the recent hikes in interest rates.

Homeowners borrowed almost £9bn in February, £500m higher than January's increase and 14.5 per cent up on a year ago, the strongest annual rise since the Bank started collecting figures in 1994.
Read the full story at Independent
 
ResMAE Opens Two New Mortgage Processing Centers in Illinois and California to Support Continuing Growth - 2004-03-29
Two new regional processing centers have started operation in Illinois and California as part of the continuing nationwide growth of Residential Mortgage Assistance Enterprise, LLC (ResMAE). Each center will provide complete loan processing services including set-up, underwriting, appraisals, and funding.

The Illinois center, located in Schaumburg just outside Chicago, will service Midwest states. The California center, located in Concord, currently serves northern California.
Read the full story at Business Wire
 






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