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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
HK residential mortgage loans in negative equity lower - 2004-02-12
The Hong Kong Monetary Authority revealed Thursday that the number of residential mortgage loans in negative equity dropped further by almost one-third to around 67,600 cases with a value of 107 billion HK dollars (13.79 billion US dollars) over the three-month period winding up at the end of December, 2003.

The sharp decline in the number and amount of mortgage loans in negative equity back to around the level in March 2002 is encouraging.
Read the full story at Xinhuanet
 
Hispanic home ownership on the uptrend - 2004-02-12
Record-low interest rates during the past couple of years have helped many people become homeowners for the first time. Hispanics, in particular, have enjoyed rock-bottom mortgage rates.

According to the U.S. Census, between 1995 and 2000, the number of Hispanic home buyers in the U.S. grew by 31 percent — more than any other minority group.
Read the full story at Skagit Valley Herald Online
 






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