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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
Prophets of doom can't stop house prices - 2004-01-29
The Great House Price Crash of 2002, 2003 and (so far) 2004 has been forecasted by experts so many times that most of us now feel happy to ignore their doom-laden scenarios.

So far it has just failed to happen. Indeed, data from the mortgage lenders and from the Royal Institute of Chartered Surveyors suggests that prices are just carrying on rising.
Read the full story at at icWales
 
Sales of new homes lower by 5 percent - 2004-01-29
Orders for big-ticket goods were flat in December after dropping in November, highlighting the struggles America's manufacturers are facing as they try to get on firm footing. The pace of new-home sales also slowed last month.

For all of 2003, however, home sales totaled a record high of 1.09 million as low mortgage rates beckoned buyers. That represented an 11.5 percent jump from 2002, the previous best year for sales.
Read the full story at newsobserver.com
 






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