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Mortgage News for Monday - May 24, 2004

More Mortgage News
• Bradford Mortgage Acquires The Scottish Bank's Mortgage Division
• Federal Home Loan Bank of San Francisco Awards $5.5 Million to Help Lower-Income Homebuyers
• Report: Specter of defaults lurks behind California home sales surge
• House Hunting? Be Prepared With a Pre-Approved Mortgage Loan, Advises Coldwell Banker
• RBC Mortgage Opens MetMortgage Branch to Serve Dallas Customers of McGuyer Homebuilders
• SouthTrust Mortgage Corp. adds loan officer in Brentwood
• Buying a rental? Run the numbers
• First-time buyers 'borrow £1.36bn from family and friends'
• Son of a Builder, Rayburn Never Considered Another Career
• Housing Gap Grows Wider
• A booming year for building
• What goes down, must come up
• Habitat for Humanity completes first two homes of year
• CALLTO DOUBLE INTEREST RATES
• Mortgage lenders getting more creative as business wanes
• 500 AIB mortgage customers due refunds
• I'm leaving; he's refinancing the mortgage
• Woman wins share of ex-lover's home
• PMI Hires Jonathan Chan to Direct Asia Operations
• Evaluating pluses, minuses of mortgages
• RBC Dain Rauscher Names Vincent Boberski Director of Fixed Income Research and Strategies
• Lehman Brothers Names Joseph M. Gregory President and Chief Operating Officer
• U.S. mortgage bonds firm, eyes on follow-up buying
• Interest rates 'to rise to 5.25%'
• CML Slams "Misleading Reports"
• RMIC Joins Advectis BlitzDocs Certified Underwriting Provider Program; Newest Provider in Paperless Loan Processing Certification Program
• Decade Systems Enables Integration of Disparate Systems for Cardinal Financial Co.; Integration Technology Improves Online Mortgage Lending for Finance Company
• Mortgage rate moves
• Mortgage Lenders Getting More Creative
• MortgageHub Taps David G. Hellhake as EVP; 20-Year IT Industry Veteran Joins Web Servicing Company
• CALLTO DOUBLE INTEREST RATES
• Rates 'could double to cool housing boom'
• Brown's risky tactics trigger mortgage scare
• First Franklin Starts Second Quarter With Record-Breaking April Production
• HONG KONG
• Interest rates 'to rise to 5.25%'
• Mortgage lenders warn of looming housing crash...
• BRIONI: ESTABLISHMENT OF TRUST – THE KEY TO REGION’S FUTURE
• Demerger speculation at GUS
• Mortgage lending up
Mortgage News
Report: Specter of defaults lurks behind California home sales surge - 2004-05-24
Widespread use of adjustable rate mortgages by California homebuyers in 2003 could lead to an increase in defaults in coming months as interest rates climb.

"A little over 15,000 homes in California entered the foreclosure process in both quarter four of 2003 and quarter one of 2004," says Alexis McGee, president of the Fair Oaks-based company.
Read the full story at Silicon Valley/ San Jose Business Journal
 
House Hunting? Be Prepared With a Pre-Approved Mortgage Loan, Advises Coldwell Banker - 2004-05-24
Many homebuyers forget one of the most crucial steps in the home buying process. In this competitive real estate market, the experts at Coldwell Banker Real Estate Corporation strongly
advise that homebuyers arm themselves with a pre-approved mortgage loan before they initiate their house hunting.

A pre-approved mortgage loan is a lender's actual commitment to lend to the homebuyer, with specifications on the exact loan amount.
Read the full story at PR Newswire
 






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