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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
Three Southern Californians arrested in alleged $30 million mortgage fraud - 2004-03-29
Three Orange County residents were arrested Monday for an alleged bank scam scheme that used the identities of dead real estate brokers and others to cheat lenders of more than $30 million, the FBI said.

The three, along with a man who remained a fugitive, obtained hundreds of mortgage loans using at least 50 stolen or phony identities, said Richard T. Garcia.
Read the full story at The Bakersfield Californian
 
WPFG adds mortgage partner - 2004-03-29
Wright-Patt Financial Group Ltd., a wholly owned subsidiary of Wright-Patt Credit Union, is teaming up with Buckeye State Credit Union to provide wholesale mortgage loans.

Terms call for WPFG to provide mortgage services to members of Buckeye State, an Akron-based credit union with about 20,000 members and $65 million in assets.
Read the full story at Dayton Business Journal
 






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