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Mortgage News for Monday - January 12, 2004

More Mortgage News
• Countrywide will not meet 2003 analyst estimates
• U.S. mortgage bond market continues on
• Scottish house prices still robust
• MGIC fourth-qtr profit tops estimates, shares up
• UK house prices goes reverse
• Consumer spending outlook stays healthy
• Santa Barbara County, Calif., Housing Prices Continue to Climb
• What’s Your Type Of Business?
• Home buyers opt for fixed-rate mortgages
• Bank of America, NACA Declare $6 Billion Mortgage Program
• House chair: 'Deep-six' real estate rule
• Mortgage borrowing surged 23pc
• Locals say N.H. housing market healthy
• American Home Mortgage Investment Corp. Will Release Fourth Quarter 2003 Financial Results on January 29, 2004
• Buckingham Mortgage Picks GHR's Loan Origination System
• U.S. mortgage bonds dip, convexity trigger close
• Arlington Capital Mortgage and Windsor Financial Mortgage Combine, Creating Region's Largest Independent Retail Mortgage Lender
• Medical insurance worries lies in wait for retiring baby boomers
• Guide helps make American dream possible
• The Mortgage Partnership discloses midlands operation
• FOS plans no annual charge for mortgage intermediaries
• Leeds & Holbeck releases no-lock-in 5-year fixed rate Mortgage below 5 per cent
• HUD rule on closings places agency up to criticism
• Interest-only loans jump
Mortgage News
Scottish house prices still robust - 2004-01-12
Scottish buyers continue to boost house prices.
In spite of official figures showing a dip in prices for Britain as a whole, growth north of the border is still well above inflation.

The average property in Scotland is growing at an annual rate of 16.1%. The major mortgage-lenders insist that this does not represent the start of a collapse in house prices.
Read the full story at BBC
 
MGIC fourth-qtr profit tops estimates, shares up - 2004-01-12
Private mortgage insurer MGIC Investment Corp. on Monday said its quarterly earnings dropped, but were ahead of Wall Street estimates, and its shares jumped as much as 16 percent.

The Milwaukee, Wisconsin-based company said its fourth-quarter earnings fell to $103.9 million, or $1.05 per share, compared with $137.5 million, or $1.37 per share, a year earlier.
Read the full story at Reuters
 






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