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Mortgage News for Wednesday - February 11, 2004

More Mortgage News
• Index says mortgage demand lower
• The options: invest cash or pay off mortgage
• OFHEO engages firm to review Fannie Mae's accounting
• Greenspan: Give GSE watchdog power over capital
• First American quarterly profit up
• US mortgage bonds in holding pattern before Greenspan testimony
• Buy-to-let market continues to expand
• Self-cert mortgages could skew market
• Commonwealth Bank doubles first-half profit
• Give your mortgage a spring cleaning
• Bankruptcy of Spokane Mortgage Financial Firm to Affect Area Investors
• GM appoints new president for its profitable finance arm
• Big Four banks are shark bait
• City Pacific predict record profit
• Portsmouth, Va.-Based TowneBank's Merger with Harbor Bank Gets Okay
• Home Sales Still Healthy Without Setting Record
• Housing agency union asks GMA to drop EO
• Index-linked mortgage rate continues to drop
• SEC could investigate Metropolitan
• U.S. mortgage rates same Wednesday
• After a record-breaking 2003, home builders expect a prosperous 2004
• Mortgage Player MuniMae ready for '04 growth spurt
• Fannie Mae promotes prefab home ownership
• Carrie A. Judge Appointed Vice President, Mortgage Loan Officer At Republic Bank in Traverse City, Michigan
Mortgage News
First American quarterly profit up - 2004-02-11
First American Corp., a supplier of mortgage, property, credit and other business information, declared on Wednesday its quarterly earnings rose, helped by growth in its financial services group.

The company reported fourth-quarter net income of $94.1 million, or $1.07 a share, compared with $82.8 million, or $1.01 per share, in the year-earlier period.
Read the full story at Reuters
 
US mortgage bonds in holding pattern before Greenspan testimony - 2004-02-11
U.S. mortgage bond prices were down slightly in sympathy with U.S. Treasuries early Wednesday,
but spreads were a bit narrower as investors awaited testimony from Federal Reserve Chief Alan Greenspan to lawmakers.

That testimony may offer clues to how the central bank views the U.S. economy and future monetary policy. "We're waiting. We, like most of the rest of world, are sitting on the sidelines. We'll take our cue from Greenspan's comments and the market's response," said Colin Lundgren.
Read the full story at Forbes
 






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