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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
Blacks Returning to New South - 2004-01-26
Avery Pough's parents relocated from South Carolina to Queens, N.Y., before he was born, part of a black exodus from the segregationist South.

In 1999, Pough and his wife returned to his roots, drawn by relatives, the promise of good jobs and a middle-class suburban house that they bought in Spartanburg, S.C.

"I just wanted a little bit more than making money and paying someone else's mortgage -- a better life for me and my family," said Pough, 47, a father of two.
Read the full story at The Ledger
 
US mortgage-backed bond prices lower, spreads widen - 2004-01-26
U.S. mortgage-backed bond prices were a bit lower early on Monday while spreads were
slightly wider amid mild trading activity and lender sales.

"This is a quiet start to the week. We saw some selling in five percents by hedge funds this morning," said a pass-through trader with a Wall Street dealer firm.
Read the full story at Reuters via Forbes
 






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