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Mortgage News for Tuesday - January 27, 2004

More Mortgage News
• Dealing with mounting debt
• Many still finding reasons to refinance mortgage
• The termination of spam by 2006?
• '03 sales of existing homes establish record
• Insurance firms to be questioned by MPs
• Commuter initiative no boost to homeowners
• MARTA worthy for homebuyers
• Analysts Expect Slowdown in Twin Falls, Idaho-Area Homebuilding in 2004
• Mass. governor shows $100 million plan to help construct new homes
• How does your debt measure up?
• Court nixes NYC predatory mortgage lending law
• IT'S TIME AGAIN TO APPROACH YOUR BANK FOR A MORTGAGE RATE CUT
• Freddie Mac Economist Expects Slowdown in Housing Industry
• Western Kentucky Bank Signs Will Stay Despite Union Planters Merger
• Good Times Still Strong For Myrtle Beach, S.C., Housing Market
• Strong Numbers for Mortgage Banker Countrywide
• Commentary: The death of the consumer is hugely overstated
• Fat-cat insurers 'out of touch' over mortgage endowments
• Buyers 'to focus on Euro mortgages'
• Housing market stays red hot
• Favorable Refinancing Still Available
• Capital Title acquires Nationwide Appraisal Services for $25M
• NVR energized by housing and mortgage boom
• On Personal Finance | The trade-off for low returns - safety
Mortgage News
MARTA worthy for homebuyers - 2004-01-27
Decreasing traffic congestion and air pollution in metro Atlanta is a multifaceted problem. The "Smart Commute" program announced Monday by the Federal National Mortgage Association sounds as if it could be one of them.

Under the program, prospective homeowners who buy in areas within a half-mile of a MARTA bus stop or rail line can qualify for a larger mortgage than they would otherwise. Loan applicants must verify that they only have one car and agree to use public transportation for their daily commute.
Read the full story at Atlanta Journal And Constitution
 
Analysts Expect Slowdown in Twin Falls, Idaho-Area Homebuilding in 2004 - 2004-01-27
This could be the year that tells how much of Twin Falls' housing boom is effected by the same mortgage rates that have boosted the market nationwide, and how much of that local home building to attribute to western Magic Valley's rapid job creation.

For three years, economists have predicted a decline in the nation's home-building market. But new-home sales and starts have continued to soar.
Read the full story at Miami Herald
 






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