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Mortgage News for Wednesday - January 21, 2004

More Mortgage News
• Home builders have best year since 1978
• US Senator-Don't eliminate Fannie,Freddie benefits
• Freddie Mac indicates 2003 earnings report on track
• Money worries in your 20s? There could be hope
• US requests for loans to acquire homes at record high
• Fannie Mae fourth-quarter profit more than doubles
• Fannie Mae investment portfolio lower in December
• Lower mortgage demand drags down Washington Mutual profit
• S&P Downgrades Mortgage Buyer Fannie Mae to Hold
• Probability of interest rate hike increased
• HUD wants zero-down mortgage loans
• Wachovia unit appoints real estate exec
• MORTGAGE DEBT STILL GROWING TOO RAPIDLY
• MORTGAGE LENDING SURGED 25% IN 2003
• Getting city's poor to use tax credits
• Winton Financial Corporation Posts First Quarter Fiscal 2004
• NEW LENDING FIGURES ARE REASON FOR CONCERN
• Bank Mutual Corporation Posts Earnings for the Year of 2003 and the Fourth Quarter of 2003
• US home building shares up as news impresses investors
• Mortgage Rates and Bush ... better lucky?
• Prudential Huntoon Paige Processes $16 Million in Loans
• Thornburg Mortgage licenses 3t Systems loan processing platform
• Economists expect decrease in home sales, construction
• Neighborhood looks to broaden housing design standards
Mortgage News
Prudential Huntoon Paige Processes $16 Million in Loans - 2004-01-21
Prudential Mortgage Capital Company disclosed today that it has recently originated almost $17 million in commercial mortgage loans through its FHA-lending arm.

Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business, originating mortgage loans for Fannie Mae and FHA programs, the capital markets, Prudential's general account, and other institutional investors.
Read the full story at Business Wire via Yahoo!
 
Thornburg Mortgage licenses 3t Systems loan processing platform - 2004-01-21
US-based Thornburg Mortgage is using 3t Systems' Web-based loan origination and processing platform, Mortgage Cadence.

Anne Beckett, operations manager, Thornburg Mortgage, says: "Mortgage Cadence enables us to increase our scalability and automate processes previously completed manually, improving internal efficiencies and increasing workflow."
Read the full story at Finextra Research
 






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