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Mortgage News for Thursday - February 12, 2004

More Mortgage News
• Greenspan words lower mortgage rates
• Greenspan-Fed seeks change in GSE overdraft policy
• US 2004 bond supply seen healthy, but below '03-BMA
• Barclays Capital to expand into U.S. mortgages
• Mortgage Index Lower Again
• Australia's Hardie net surges on U.S. housing boom
• Deloitte & Touche to assist in Fannie Mae accounting review
• Fannie Mae Promotes Prefab Home Ownership in California
• Financial restructuring
• Right of rescission lets you get out of a loan
• Mortgages at ten times your salary
• January new-home sales in capital area surge 33%
• HK residential mortgage loans in negative equity lower
• Hispanic home ownership on the uptrend
• Property tax increased 19%
• State agency offering lowest mortgage rates in its history
• Intra-family loans can lower estate tax bill
• Obstacles to landing a mortgage
• Huge year for home developers
• U.S. mortgage-backed bond spreads a bit wider
• US retail sales decline, jobless claims higher
• Twin Cities home sales freeze in January
• BearingPoint's Readiness Assessment Program Provides Mortgage Companies A Business Case for Implementing New Imaging Technologies in 2004
• Florida Home Sales Up 12 Percent, Says Florida Association of Realtors
• Fourth Quarter Total Existing-Home Sales Approach Record
• Home loan feeding frenzy
• Parents in debt borrow from kids
• Bankrate: Mortgage Rates Close To Standstill
Mortgage News
US retail sales decline, jobless claims higher - 2004-02-12
US retail sales declined in January as car-buying slowed, and weekly jobless claims rose, data showed, casting uncertainty over the economic pace in early 2004.

American consumers, their wallets fattened by tax cuts and rock-bottom mortgage rates, have been the driver of the economy through the doldrums of the past three years.
Read the full story at AFP via Yahoo!
 
Twin Cities home sales freeze in January - 2004-02-12
As Minnesotans shivered in January's deep freeze, Twin Cities-area home sales seems to oe in hibernation -- with results that suggest good shopping ahead for buyers.

"They're going to have more to choose from." She said the inventory foretells a very busy spring market: Mortgage interest rates remain under 6 percent, the economy is improving and "the buyers are out there."
Read the full story at Star Tribune
 






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