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Mortgage News for Monday - January 26, 2004

More Mortgage News
• Freddie Mac retained portfolio smaller in December
• Existing home sales establish a record in 2003: 6.1 million
• Santa Fe, N.M., Home Prices May Remain Same in 2004
• Don't bite off too much house
• IFG arm sees 46% mortgage increase
• Savers sock more away - but many set no cash aside
• Canadians invade France and start acquiring real estate
• IF to add 200 more staff for mortgages
• Cincinnati Home Sales Break Record For 2003
• Pulaski blunts mortgage downturn with other business
• Illinois home sales 5% higher in 2003, setting new record
• First Banks' Q4, fiscal year profit up
• Remortgaging your home to save money
• Real Estate Expo Comes to Miami
• Kerry's six million dollar mortgage for campaign
• Area Residents Indicted for Fraud and Obstruction of Justice
• BM Solutions at mortgage trail again
• Florida's Existing Home Sales Up 14 Percent, Median Sales Price increases 12 Percent in December
• Blacks Returning to New South
• US mortgage-backed bond prices lower, spreads widen
• Economic worries run high in Arizona
• CMG Mortgage Services Broker Guy Schwartz Earns Prestigious National Mortgage Industry Certification
• Good Times Still a Go for Housing Market
• Buyers fall behind on mortgages, fail to keep homes
• United Bancorp, Inc. Reports Record Earnings Reflecting an Increase of 16% for 2003
• SecureMove releases lifetime mortgage service
Mortgage News
Freddie Mac retained portfolio smaller in December - 2004-01-26
Freddie Mac, the No. 2 U.S. mortgage finance company, declared on Monday the size of its retained, or investment portfolio, diminished for a second month in a row because mortgage securities have been expensive.

The company's book of investment decreased at an annualized rate of 4.1 percent in December to $644 billion, compared with November's annualized decline of 16.1 percent, the company said in its monthly business summary.
Read the full story at Reuters
 
Existing home sales establish a record in 2003: 6.1 million - 2004-01-26
Sales of previously owned homes established a record in 2003 as decades-low mortgage rates proved too attractive for buyers to pass up.

The National Association of Realtors reported Monday that existing-home sales totaled 6.1 million last year, shattering the previous record of 5.57 million set in 2002. Last year's sales represented a 9.6% increase from 2002.
Read the full story at USA Today
 






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