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Mortgage News for Sunday - January 2, 2005

More Mortgage News
• Mortgage rates push to 5.5%
• What's ahead for the mortgage industry in 2005?
• Condos take on expanding role in residential market
• Housing market provides foundation for economy
• U.K. Growth May Falter as House Prices Decline
• Seven steps to financial fitness
• Economists say mortgage rates are unlikely to soar in new year
• 25-year mortgage may become "a thing of the past"
• Mortgage bankers wooing bilingual military veterans
• Development forecast: Steady growth
Mortgage News
Mortgage bankers wooing bilingual military veterans - 2005-01-02
The nation’s mortgage bankers are so eager to get bilingual loan officers that they have teamed up with lenders, two Hispanic groups and the Defense Department to recruit and train retiring members of the military.

The Washington-based Mortgage Bankers Association this fall announced Welcome Home, a recruitment program that provides tuition-free online training.
Read the full story at Fort Wayne Journal Gazette
 
Development forecast: Steady growth - 2005-01-02
Veterans of the real estate industry fondly remember the jump in office and warehouse construction in Charlotte that followed the early 1990s recession.

The key to maintaining retail is residential growth and, analysts say, the indicators are positive: historically low mortgage rates, steady job growth and rising household income.
Read the full story at The Charlotte Observer
 






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