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Article: Cool-off in mortgages seen in Lucas County, Ohio.
- Article from:
- The Blade (Toledo, OH)
- Article date:
- January 9, 2005
CopyrightCOPYRIGHT 2005 The Blade. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gary T. Pakulski
Jan. 9--Mortgage financing activity slipped by nearly a third in Lucas County last year, slowed by what industry watchers consider an end to the home refinancing boom.
"That has passed," said County Recorder Anita Lopez, who took office Jan. 1.
"In talking to the title companies, they have also seen their numbers slide."
The total number of mortgages filed by local and national lenders on residential and commercial properties in Lucas County fell to 33,295 from 46,548 in 2003 for a decline of 28 percent, according to the recorder's staff.
The value of the mortgages rose considerably last year to $13 ...