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Mortgage News for Friday - January 14, 2005

More Mortgage News
• Mortgage Giants Said to Do Little for Buyers
• Feds Charge Four Jacksonville Men With Mortgage Fraud
• Subprime Lenders Discriminate, Study Concludes
• Surprise: A Time When A Low Mortgage Payment Isn't Good
• Most signs point to housing slowdown
• More Americans remodeling homes
• Property investors look to stock market as prices falter
• Leading Mexican Mortgage Co Plans 64% Loan Growth In 2005
• Xceed Mortgage Q4 profit rises 60.8% to $2.6M
• State Bank adds two mortgage offices in area
Mortgage News
Property investors look to stock market as prices falter - 2005-01-14
Property speculators are moving their investments out of the housing market as prices in Wales cool down.

Estate agents posted a drop in the number of buyers wanting to play the property game. After the Bank of England's interest rate rises last summer, borrowing for a mortgage has become more expensive.
Read the full story at icWales
 
Leading Mexican Mortgage Co Plans 64% Loan Growth In 2005 - 2005-01-14
Mexico's largest private mortgage company, Hipotecaria Nacional, said Friday it will grant 64% more mortgages this year than in 2004.

Hipotecaria Nacional, which was acquired last year by Spain's Banco Bilbao Vizcaya Argentaria (BBVA), said it plans to make 36,000 home loans, or 26% of the 139,000 mortgages that private-sector banks and non-bank mortgage companies aim to grant between them.
Read the full story at IWon
 






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