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Mortgage News for Tuesday - January 6, 2004

More Mortgage News
• Buy-to-rent market picks up
• November construction revises record
• Gains for northern homeowners in 2003
• Construction activity breaks another record
• Banks Work to Narrow Cultural Divide with Hispanic Customers
• House prices increased 15.4% on year
• Healthy Spending In Construction
• U.S. property bond supply could drop in 2004 - S&P
• HMO Mortgages Won't Work, ICBA Informs Congress
• With U.S. reliant on Chinese lending, two economies interwined
• NAR:Economy Improves, Home Sales Softer in 2004
• ABN AMRO Mortgage Group's Record-Shattering Year-to-Date Production Tops $120 Billion
• Mortgage Industry Veteran Barry P. Epstein Joins American Business Financial Services
• LSB Expands in Guilford County New Office to Operate in Jamestown in Spring
• FHA bumps up mortgage insurance limits
• Turner should help rein in mortgage lenders
• New book gets down to mortgage facts
• Mortgage rates edge up, but home sales still strong
• Ass. Mortgage Intermediaries Guide to "Cold Calling"
• Real estate advice: Seller financing avoids loan 'points'
• Construction Boost Builds Optimism
• No bust but housing market to weaken - NAEA
Mortgage News
NAR:Economy Improves, Home Sales Softer in 2004 - 2004-01-06
A growing economy will help maintain strong home sales in 2004, but housing activity isn't likely to equal last year's record, according to the National Association of Realtors.

The 30-year fixed-rate mortgage is projected to average 6.5 percent in 2004, up from a generational low of 5.8 percent in 2003. "On the heels of three consecutive record years for home sales, the uptick in mortgage interest rates will offset some of the benefits of an improving economy.
Read the full story at Business Wire via Yahoo!
 
ABN AMRO Mortgage Group's Record-Shattering Year-to-Date Production Tops $120 Billion - 2004-01-06
ABN AMRO Mortgage Group, the nation's sixth biggest mortgage lender, today released its production for the month ended November 30, 2003, for all of its production divisions.

AAMG reported November 2003 production of $5.1 billion, with more than 30,600 loans funded. Year-to-date (January 1, 2003 through November 30, 2003), AAMG's production totaled $120.2 billion.
Read the full story at PR Newswire via Yahoo!
 






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