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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 2004 bond supply seen healthy, but below '03-BMA - 2004-02-12
U.S. bond supply will stay healthy in 2004 but is likely to fall short of 2003's record $6.9 trillion, as low rates and modest inflation are likely to continue, while growth picks up, a report showed on Thursday.

The Bond Market Association said its Research Quarterly showed bond issuance last year outstripped the previous record set in 2002 of $5.4 trillion, aided in large part by a 39 percent rise in mortgage-backed securities to $3.2 trillion.
Read the full story at Forbes
 
Barclays Capital to expand into U.S. mortgages - 2004-02-12
Barclays Capital, the investment banking arm of Barclays PLC, is planning to move into the U.S. residential and commercial mortgage market within the next few years, its chief executive officer Bob Diamond told Reuters on Thursday.

The investment bank will structure and trade mortgage securities. In recent years Barclays Capital has expanded on Wall Street, particularly in investment-grade debt origination for companies.
Read the full story at Reuters
 






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