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Mortgage News for Tuesday - January 13, 2004

More Mortgage News
• Fannie Mae Cracks Down on Inflated Mortgage Appraisals
• California sues mortgage company
• IFC finances Russia's mortgage sector
• Bank pledges billions in mortgage money
• Ocwen Creates Bundled Services Product To Mortgage Originators
• Who wants to win their Mortgage payment? "Trading Spaces: Home Free"
• US SWAPS-Spreads narrower, but mortgage hedging not big
• MBSB positive on new mortgage loan
• Mortgage company fills void
• IL&P expects strong mortgage business in 2004
• Consumer Direct of America Buys Atlanta-Based Mortgage Bank, Mail Center and Debt Consolidation Operations
• Area's home sales hit record level during past year
• Man donates mortgage commission to school programs
• UNM Staff To Recieve Help Purchasing Homes
• Economists Forecasts Drop in Home Sales for 2004
• US Treasuries edge higher on outlook for low rates
• Mortgage options ease burdens 'Reverse mortgages' still new enough for misunderstandings
• Realties merging, expanding in valley
• End of refinance boom won't hinder consumers--study
• Used-Homes Sales Break Record in Houston Area; December Sales Up 17 Percent
• Savers might face bonus cuts
• Banks face challenges, says Fitch
• Mortgage broker files for Chapter 11 bankruptcy
• Home Prices Up But Stabilizing
Mortgage News
Mortgage company fills void - 2004-01-13
The biggest lease in Westchester County in 2003 materialized just hours before the year concluded, dramatically shifting final vacancy statistics nearly a percentage point, and revitalizing a key office building in White Plains.

Argent Mortgage quietly signed a long-term lease for 223,366 square feet at Westchester One at 44 S. Broadway. Most office leases in Westchester involve deals of less than 20,000 square feet.
Read the full story at Gannett Suburban New York Newspapers
 
IL&P expects strong mortgage business in 2004 - 2004-01-13
Mortgage lending will expand strongly again in 2004, supported by the recovering economy and low interest rates, according to Irish Life & Permanent.

The country's largest mortgage lender also said that demand across all main segments - first and second time buyers and investors - is expected to continue.
Read the full story at Business World
 






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