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Mortgage News for Thursday - January 29, 2004

More Mortgage News
• Rates likely to remain near current levels
• Freddie Mac Capital Requirement Increased
• IndyMac says 4th-qtr net higher, mortgage share up
• NetBank drops 10% after earnings warning
• House price increases 'slowing down'
• Fed modifies wording on interest rate plans
• Mortgage Rates Around the Country Higher
• Whittier, Calif.-Based Bank Holding Company Posts Drop in Quarterly Profits
• Japan Banks Mizuho, Sumitomo Mitsui to Lower Mortgage-Loan Rates
• Lender says house-price rises will taper
• Mortgage requests drop
• Borrowers beware: Interest Rates will rise again
• Executives at U.K. Insurer Aware They Were Mis-Selling Mortgage Endowments
• Adelaide Mortgage Bank forsees strong year
• Advantages of home ownership touted
• Home is usually protected during bankruptcy
• Prophets of doom can't stop house prices
• Sales of new homes lower by 5 percent
• Council approves housing program
• Mortgage rate hike expected
• E-Loan replaces president after difficult fourth quarter
• Mortgage Corp. has five year agreement
• $1 million allocated for housing programs
• FHLB mortgage finance program grows rapidly in '03
• FREDDIE MAC UNVEILS OFHEO ACTION CONCERNING CAPITAL SURPLUS
• Midland Loan Services Activates Enterprise! Loan Management System
Mortgage News
FREDDIE MAC UNVEILS OFHEO ACTION CONCERNING CAPITAL SURPLUS - 2004-01-29
Freddie Mac today declared that the Office of Federal Housing Enterprise Oversight, the company’s safety and soundness regulator, has formed a framework for monitoring Freddie Mac’s capital due to the temporarily higher operational risk.

“Freddie Mac remains well capitalized and well positioned to fulfill our mission, including responding appropriately to provide stability in the mortgage market,” said Freddie Mac Chairman & CEO Richard F. Syron.
Read the full story at Freddie Mac
 
Midland Loan Services Activates Enterprise! Loan Management System - 2004-01-29
Midland Loan Services, Inc. declared today that it has gone live on its web-based Enterprise! (R) loan management system. Over $90 billion in commercial real estate loans currently is being serviced on the Enterprise! platform at Midland and several prominent financial institutions.

Enterprise! is the first web-based technology platform developed specifically to manage the entire commercial mortgage lifecycle, including loan origination, securitization, servicing and portfolio management.
Read the full story at PR Newswire via Yahoo!
 






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