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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
Some Homebuyers Giving Up Due to High Prices and Robust Bidding - 2004-03-29
Sacramento-area home buyers are caught in a rock and a hard place. Mortgage rates are the lowest they've been since last July, but prices are the highest they've ever been.

Despite the high prices, competition for houses is fierce. Many would-be homebuyers are simply finding themselves shut out of the market by soaring prices and aggressive bidding.
Read the full story at KXTV
 
Housing inventory almost empty - 2004-03-29
For only the second time in the 15-year history of Habitat for Humanity of Glynn County, the organization has found itself with lots of funds and volunteers but no sites on which to build homes.

The Habitat homes, which are built in large part by volunteers, go to approved families who must also contribute volunteer hours. The owners are given a 20-year, zero-interest mortgage on the home.
Read the full story at The Brunswick News
 






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