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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
Mobile home stocks higher as mortgage loans eased - 2004-02-10
Fannie Mae losened financing requirements for mobile-home buyers on Tuesday, pushing stocks in prefabricated home-building companies higher.

The government-chartered mortgage company said it would join with nine lenders to provide purchasers of manufactured homes access to 30-year mortgage financing with down-payments as low as 5 percent.
Read the full story at Reuters via iWon
 
Canada Housing Starts 11 Percent Lower in January - 2004-02-10
Canadian housing starts were lower in January, but should recover in coming months as recent interest rate cuts take hold, Canada Mortgage and Housing Corp. said on Monday.

Housing starts last month declined to a seasonally adjusted annual rate of 195,500 units from a revised 219,400 units in December, missing the consensus expectations of analysts who had called for 215,000 starts.
Read the full story at Money Sense
 






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