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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
Assembly GOP unveils housing rehab plan - 2004-03-29
Rehabilitate, renew, and rehab – Republicans are reconsidering the old saying “out with the old and in with the new.” Last Wednesday the Assembly Republican Conference announced their plan to rehabilitate New York State’s aging housing stock and revitalize neighborhoods.

SONYMA Rehabilitation Mortgages, which would allow the State of New York Mortgage Agency to purchase mortgages from banks within the state, is among the ten initiatives proposed.
Read the full story at Legislative Gazette
 
Mortgage Player Wholesale Lending Online Reports Fourth Quarter Earnings - 2004-03-29
Wholesale Lending Online, a provider of mortgage lending solutions, declared results for the fourth quarter and year ended December 31, 2003.

In the fourth quarter, the company financed $51 million in loan volume, closing more than 170 loans. Since its inception, the company has seen growing transaction volume; working with more than 75 brokers a month.
Read the full story at Business Wire
 






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