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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
Economists expect decrease in home sales, construction - 2004-01-21
For three years, economists have forecasted a decline in the home-building market, only to be proven wrong. New-home sales and starts have continued to soar - up almost 10 percent last year.

Higher mortgage rates and a shrinking pool of potential buyers could temper the country's hot home-building market.
Read the full story at The Sun News
 
Neighborhood looks to broaden housing design standards - 2004-01-21
Neighborhood groups have monitored his march with a sharp eye. Those he builds next to are sometimes openly critical. So he relies on those in the real estate business for guidance.

Over the past decade, the tips have helped Boyce snatch cheap land throughout the heart of the city, making mortgage payments more affordable. He has filled the plots with about 50 buildings, most of them duplexes and similar structures holding more than one family.
Read the full story at Lincoln Journal Star
 






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