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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
House chair: 'Deep-six' real estate rule - 2004-01-12
Rep. Don Manzullo, chairman of the House Small Business Committee, gave the Bush administration some typically blunt advice on what it should do with a regulation designed to simplify real estate closings: "Deep-six this thing," Manzullo declared at a Jan. 6 hearing on the regulation.

Two mortgage brokers, a community banker, a Realtor and the president of a title agency traveled to Washington, D.C., to testify at the hearing, which Manzullo called even though Congress is not yet in session.
Read the full story at bizjournals.com
 
Mortgage borrowing surged 23pc - 2004-01-12
Mortgage borrowing surged by over 23 percent, according to a report by financial analysts released Monday. The total borrowed by Spaniards by November last year is at EUR456 billion - EUR86 billion more than by the same month in 2002.

The represented a year-on-year rise in the amount of credit which Spaniards took on to pay for mortgages of 23.4 percent.
Read the full story at Expatica Spain
 






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