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Mortgage News for Tuesday - January 20, 2004

More Mortgage News
• Mortgage firms concerned for restrictions
• Mortgage firm to generate 400 jobs in NI
• Mortgage rates take a tumble
• Pacifica Bank Unveils Expanded Mortgage Loan Services
• 2004 Economic forecast: Mortgage Rates
• HK Mortgage Corp To Acquire HK$1B Loans From Bk Of East Asia
• Borrower with less than 20% equity must have this on FHA-insured mortgages
• Securing a legitimate mortgage price
• 'Zero down' home purchase plan
• Federal Housing Administration Wants New Home Loan Program
• Citigroup, Bank One Top Estimates
• Hot Housing Market Attracts More New Newcomers to Realty Profession
• Real Estate Services Firm Plans to Simplify Home Buying
• Mortgage brokers must disclose kickbacks
• Construction Activity Gathers Steam in Waterloo, Iowa, Area
• Wells Fargo's 4Q Earnings Up 10 Percent
• British private debt higher
• Leave the No Call list alone
• Help on the way for home buyers
• Elderly Investors Claim Ponzi Scheme Against Metropolitan Mortgage and Summit Securities
• Baird & Warner Names New President of Its Mortgage Company
• Indiana requires new law to stop predatory lenders
• Housing market "to beat predictions"
• Ten-Year Treasuries Drop on Forecasts for Stronger U.S. Economic Growth
• Mortgage lending wisdom
• U.S. January Homebuilder Index Drops to 68 From 70
• Economists provide mixed housing forecast for '04
• Some hope for home buyers
Mortgage News
Economists provide mixed housing forecast for '04 - 2004-01-20
Robust job growth could push the housing market to a fourth straight record year. On the other hand — after three torrid years — housing may be ready to slow.

Though housing levels remain robust, David Berson, chief economist for Fannie Mae, the mortgage giant based in Washington, D.C., said they have slowed from peak levels of a few months ago.
Read the full story at Honolulu Advertiser
 
Some hope for home buyers - 2004-01-20
Higher costs of building a house or acquiring one outstripped anything else in New Zealand last year.

While the overall rate of inflation for the year was 1.6%, the cost of buying or building a house rose 8.5% according to the latest figures from Statistics New Zealand.

Already the housing market there is reported to have softened and Australian banks say most of their loan business in the past few months has been home owners rushing to fix their mortgages.
Read the full story at ONE News
 






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