| FIRST TIME BUYER 'PLUSMORTGAGE' FROM ALLIANCE & LEICESTER GETS ...
Commenting on the launch of the Alliance & Leicester 125 per cent PlusMortgage, Louise Cuming, head of mortgages at price comparison website moneysupermarket.com.. "It is great to see that A&L is spicing up the first time buyer market with the launch of its PlusMortgage. "Despite the fact the Citizens Advice Bureau and the National Debtline have criticised the product for rendering borrowers into negative equity from the start, I believe A& L is acting with full responsibility in bringing this product to market. Firstly, the product will only be sold via brokers and therefore borrowers can only access after a stringent advice process. Secondly, A&L is only targeting people with the propensity to take on this large amount of debt - and, in fact, lenders have historically seen lower percentage arrears in the 100 per cent plus market versus the 95 per cent sector.
Industry Notes
Items for the Monday Industry Notes feature should be submitted to The Oregonian Business News Department via e-mail at money@news.oregonian.com or by fax at 503-294-4079. TECH NOTES Hanlon Brown Design has launched a revamped catalog template for Agron, a licensee of Adidas accessories. The project included the development of new design templates and designing a backend programming process for product information between Agron and Hanlon Brown Design. The agency has been selected to develop a new Web site for Starpointe Communities in Scottsdale, Ariz. The site will feature a gallery of properties, including virtual tours. An international time-tracking and project management tool has been developed for Arizona-based InterTel. Beaverton-based Tektronix and Menlo Park, Calif.-based SyntheSys Research joined forces to create the 80A07 BERTScope CR clock recovery instrument.
Wells Fargo Launches Home Rebate Card(SM) to Help Mortgage ...
SAN FRANCISCO, April 4 /PRNewswire-FirstCall/ -- Wells Fargo & Company (NYSE: WFC) announced today that it has launched the Wells Fargo Home Rebate Card(SM) -- a special credit card product only for Wells Fargo Home Mortgage customers who want to pay down their mortgage faster, build equity quicker and potentially save thousands of dollars on mortgage interest. Wells Fargo will begin promoting the card through in-store merchandising during its Spring Into Action campaign, which starts April 16 and focuses on financial solutions for the home. "The Wells Fargo Home Rebate Card is another innovative product that can help our customers make smart use of their money and help them succeed financially," said Peter Ho, Wells Fargo Home Rebate Card product manager. "Our pilot program showed us that our mortgage customers understand that with this card their day-to-day spending is better managed, better protected and better rewarded." Virtually every purchase (purchases minus returns/credits) customers make with the card counts toward 1 percent rebate credited to the principal on their Wells Fargo Home Mortgage loan.
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