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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
Buy-to-let market continues to expand - 2004-02-11
Investors jumped into the buy-to-let market in 2003 as the number of specialist landlord mortgages jumped by 48% over the year, according to a report released

today by the Council of Mortgage Lenders.
Despite improvements in the stock market, a growing number of investors chose to sink their money into property rather than taking a risk on equities.
Read the full story at Guardian Unlimited
 
Self-cert mortgages could skew market - 2004-02-11
Could you believe that a bank would encourage customers to defraud it? It may seem incredible, but that is what some of Britain's biggest mortgage lenders have in effect been doing.

As a result, a flood of illicitly obtained mortgage money may have been pouring into homeowners' pockets, boosting both house prices and consumer spending.

The Money Programme started investigating mortgages last year.
Read the full story at BBC
 






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