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Mortgage News for Wednesday - March 30, 2005

More Mortgage News
• Adjustable-rate mortgage apps hit high, refinance mortgage activity drops
• Colorado mortgage broker to pay restitution
• HUD investigating possible kickbacks involving mortgage refinancing loans
• Mortgage lending boosted by credit card decline
• Metro mortgage defaults on rise
• Canucks 'bullish': Home poll
• Teen is Sierra Vista's youngest real estate agent
• All eyes on real estate mortgage loan technology
• Coastal areas run highest risk of real estate price declines
• A successful career in real estate "doesn't just happen"
Mortgage News
Metro mortgage defaults on rise - 2005-03-30
Soaring mortgage foreclosure filings in Arapahoe County for the first three months of this year helped pushed metro Denver's foreclosure rate 34 percent higher than the same period of last year and 30 percent higher than the fourth quarter of 2004.

The seven-county region's ballooning rates stem from bad borrowing and mortgage lending decisions, lagging income growth and flat home prices, experts say.
Read the full story at Denver Post
 
Canucks 'bullish': Home poll - 2005-03-30
Most Canadians are "bullish" about the value of home ownership, says a survey released yesterday by Canada's biggest mortgage lender. Royal Bank of Canada expects the country's housing market to stay strong this year, saying 91% of homeowners and 79% of renters surveyed "believe buying a home is a good investment, proving that Canadian residents are continuing to bank on the value of their homes."
Read the full story at Ottawa Sun
 






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