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Mortgage News for Wednesday - January 14, 2004

More Mortgage News
• Average mortgage rates for 1-family homes
• U.S. weekly mortgage requests up last week
• Treasuries Up: We Have No Inflation
• Brokers open discussion on merger
• California Sues Florida Mortgage Company for Supposedly Do-Not-Call Violations
• 4th-quarter earnings lower at Bank of Granite
• Housing economists expect drop in 2004
• Metropolitan Mortgage Investors Fear Huge Losses
• Time to put financial strategies in place
• Changing situations? Change your mortgage
• Drawing equity to invest
• Renters in Otay Mesa against condo conversion
• Rise in home-repair loans credited to ads
• Thriving Real Estate and Mortgage Markets to Feed Mexico's Structured Finance Growth in 2004
• Manhattan Apartment prices up on supply squeeze
• Fannie Mae rated "market outperform"
• Time to pare back your spending
• County home sales growing
• Economists: Home-price growth to taper off
• BB&T Places First Among Banks in National Survey of Home Mortgage Customer Satisfaction
• UK housing market maintains upward trend
• Interest rate cuts could be on horizon
• Habitat homes can pay off
• Texas Veterans Land Board Picks MortgageFlex's LoanQuest Servicing
• Bank veteran to manage outlying Vectra branches
• Denver real estate still slow
Mortgage News
Housing economists expect drop in 2004 - 2004-01-14
Top housing economists believe the sizzling home sales and construction industry will cool somewhat in 2004, falling slightly from last year's records.
This will be the second-best year in the housing sector ever.

Economists from the five groups said mortgage rates would rise in 2004 to as high as 6.625 percent for fixed-rate, 30-year loans, dramatically cutting back on refinance activity.
Read the full story at Miami Herald
 
Metropolitan Mortgage Investors Fear Huge Losses - 2004-01-14
Investors surprised by Metropolitan Mortgage & Securities Co.'s decision to halt bond and stock payments are turning to lawyers for relief.
Metropolitan's financial troubles have touched off a recent flurry of activity among several Spokane law firms.

Robert Dunn, of Dunn and Black, said he has spoken to investors who want their money and are willing to drag Metropolitan into court to get it.
Read the full story at Miami Herald
 






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