HMO Mortgages Won't Work, ICBA Informs Congress - 2004-01-06
Equating a Department of Housing and Urban Development proposal on real estate settlement procedures with the HMO method to rationing consumer choice in health care delivery, the Independent Community Bankers of America (ICBA) today encouraged the Bush administration to pull back its final rule.

Testifying before the House Committee on Small Business, community banker Mike Menzies, president and CEO of Easton Bank and Trust Co. in Easton, Md., said HUD's proposed rule would likely dramatically reduce the options and service of mortgage shoppers while increasing their costs.
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With U.S. reliant on Chinese lending, two economies interwined - 2004-01-06
When an American acquires a house, there's a good chance the Chinese bankrolled a part of the mortgage. In fact, the People's Republic of China finances more consumer and government spending than any foreign lender other than Japan.

Beijing's central bank, the People's Bank of China, buys mortgage-backed bonds from both U.S. home-lending agencies, Freddie Mac and Fannie Mae, to the tune of $48.6 million on average every workday.
Read the full story at Bradenton Herald