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Mortgage News for Tuesday - February 10, 2004

More Mortgage News
• U.S. affordable housing faces difficult year-S&P
• Fannie Mae, lenders set to revive US mobile homes
• MFA Mortgage prices offering at $10.13/shr
• US official-Senate GSE regulatory idea 'attractive'
• UK FSA okays checks on self-certified mortgages
• Highflier fames out on Met Mortgage scandal
• Florence, S.C., to Lose 700 Jobs in BlueCross BlueShield Layoffs
• Outsiders intend to grab share of home-selling market
• 2004 home sales could beat record '03
• California Firm Unveils Rankings for Areas At Risk for House Prices to Drop
• Falling behind? Inform your mortgage servicer
• Regulators want fraud probe at Met Mortgage
• State Bank acquires Houston mortgage company
• Bank cutting 200 workers
• Fidelity National grabs Aurum
• Register Now for the 2004 MBA National Technology in Mortgage Banking Conference & Expo!
• Mobile home stocks higher as mortgage loans eased
• Canada Housing Starts 11 Percent Lower in January
• Australian Home Loans in December Probably Dropped 2%
• Tough Deal For Mortgage-holders
• HOUSING: Home cost surge out-paces london
• US mortgage-backeds narrower ahead of Treasury sale
• Stewart Mortgage Information Offers 'Construct Your Own Bundle(TM)' of Lending Services
• Fannie Mae and Lender Partners Join to Provide Manufactured Housing Loans With Five Percent Down Payments
• National Credit Counseling Agency Offers Smart Strategies For Boosting Personal Cash Flow in 2004
• Do No Harm to Housing Markets, ICBA Informs Congress
• No indication of widespread self-cert abuse, says FSA
• Harrison football standout joins HomeBanc mortgage
Mortgage News
MFA Mortgage prices offering at $10.13/shr - 2004-02-10
MFA Mortgage Investments Inc., a real estate investment trust concentrating in mortgage-backed securities, on Tuesday said it priced a 7.6 million-share stock offering at $10.13 per share, increasing gross proceeds of about $76 million.

Proceeds from the public offering are expected to be used to acquire additional adjustable-rate and hybrid mortgage-backed securities, it said.
Read the full story at Reuters
 
US official-Senate GSE regulatory idea 'attractive' - 2004-02-10
A U.S. Treasury Department official said on Tuesday that the outline for strengthning the oversight of government-sponsored mortgage finance enterprises proposed recently by a key lawmaker is "attractive."

Senate Banking Committee Chairman Richard Shelby, an Alabama Republican, proposed a completely independent regulator for the enterprises, which include Fannie Mae and rival company Freddie Mac, to restore confidence after an accounting scandal at Freddie Mac last year.
Read the full story at Reuters
 






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