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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
Freddie Mac indicates 2003 earnings report on track - 2004-01-21
The No. 2 source of U.S. mortgage finance, Freddie Mac, disclosed on Wednesday it is on track to report its 2003 earnings, which were delayed by an accounting scandal, by June 30.

Baumann pledged to work with lawmakers to strengthen regulatory oversight of the company, which is shareholder-owned but congressionally chartered. It buys mortgages from lenders and holds the home loans or repackages them as securities
Read the full story at Reuters
 
Money worries in your 20s? There could be hope - 2004-01-21
The financial forecast for young people doesn't seem too promising, yet many spend like there's no tomorrow. Is the future as dark as is made out for those in their 20s and 30s?

"How am I supposed to have a mortgage? When am I supposed to feed myself, when am I - heaven forbid - to have a social life?" asked Julia Prague. She calculated that under the new system, she'd graduate with a £40,000 debt - repaying this loan and a mortgage would account for more than 50% of her salary.
Read the full story at BBC
 






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