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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
With Retirement on Horizon, More Move to a Luxury View - 2004-01-22
As they reach their sixties, Bob and Lynn Levvis felt they were ready for retirement and then some. Their salaries were peaking. The mortgage was paid off. And the value of their Springfield home had increased nearly tenfold since they bought it for $30,000 in 1970.

When they started to search for a retirement home, they weren't interested in downsizing to a bungalow by the beach in Florida or the Carolinas.
Read the full story at Washington Post
 
Homebuilding posted 25-year high in 2003 - 2004-01-22
Residential construction activity gathered steam in December, helping to make all of 2003 the best year for homebuilders in a quarter-century and highlighting the critical role the sector played in the economy's resurgence.

Economists say the housing market will slow a bit this year but still register healthy activity based on expectations that long-term mortgage rates will creep higher later this year.
Read the full story at Denver Post
 






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