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Mortgage News for Thursday - January 22, 2004

More Mortgage News
• Opportunity to refinance here again
• Golden West profit grows 17 pct on mortgages
• Housing starts jump
• Housing starts are still healthy
• With Retirement on Horizon, More Move to a Luxury View
• Homebuilding posted 25-year high in 2003
• Bush withdraws mortgage regulator nominee
• Boards require derivatives expertise
• Subsidy cuts to curb business for residential developers
• National Housing Assistance Program Likes Federal Mortgage Proposal
• Apartment vacancy rates higher
• Charter establish residential lending office in Hobbs
• Mortgage program gets shot in the arm
• Freddie Mac board blamed for errors
• Whitney parent posts fourth-quarter decline
• Picking a mortgage
• Price of buildings up
• Hibernia National Bank and Fannie Mae Unveil $7.5 Billion Affordable-Mortgage Lending Initiative
• AFFORDABLE HOMES CRISIS
• Mortgage Bankers Association Team With Blackboard To Offer New Training Package for Financial Services
• Planning vital for ending high debt
• MBA Disclose Long-Term Forecast for U.S. Economy and Housing Finance Market
• Mortgage rates hit 6-month low
• Low Mortgage Rates Indicate Increase In Home Buying
Mortgage News
Opportunity to refinance here again - 2004-01-22
If you thought you missed out on low mortgage rates, here's another opportunity.

Economic jitters have pushed mortgage rates back down to levels not seen since July. That's good news both for procrastinators who missed out on last year's refinancing boom and for home buyers looking to keep costs down. Rates on 30-year fixed-rate mortgages currently average 5.82 percent..
Read the full story at Contra Costa Times
 
Golden West profit grows 17 pct on mortgages - 2004-01-22
Golden West Financial Corp. , the second biggest U.S. savings-and-loan, on Thursday declared fourth-quarter profit rose 17 percent, aided by demand for adjustable-rate mortgages.

The Oakland, California-based parent of World Savings Bank said net income rose to $290.7 million, or $1.88 a share, from $249.4 million, or $1.60 a share, a year earlier.
Read the full story at Reuters
 






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