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Mortgage News for Friday - January 13, 2006

More Mortgage News
• Lawmakers take aim at mortgage fraud
• Refinance Mortgage: The holiday debt trap
• Xceed Mortgage hikes dividend as Q4 profit nearly doubles
• The jargon of home mortgages
• Land for real estate construction harder to find
• U.S. Economy: Retail Sales Rise Less Than Forecast in December
Mortgage News
Xceed Mortgage hikes dividend as Q4 profit nearly doubles - 2006-01-13
Mortgage lender Xceed Mortgage Corp. is increasing its dividend after fourth-quarter profit nearly doubled close to $5.13 million. Mortgage fundings in the 2005 financial year reached $924.9 million, the highest level ever attained by the company and a jump of 43.6 per cent from $643.9 million in the previous year.
Read the full story at CBC News
 
The jargon of home mortgages - 2006-01-13
Purchasing a home could be quite complex. This process includes negotiations, dealing with various parties such as real estate agents and getting a mortgage. The lingo of mortgages can be downright confusing. To help you better understand your lender, there are brief descriptions of the terms that are likely to be used by a loan officer.
Read the full story at Whittier Daily News
 






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