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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
Property tax increased 19% - 2004-02-12
Westchester homeowers woke up yesterday to the possibility of higher property taxes after the County Legislature voted to cover a budget deficit with a sharp tax increase rather than service cuts.

Instead, the state Legislature approved a 0.5% increase, plus increases in mortgage taxes and auto use fees.
Read the full story at New York Daily News
 
State agency offering lowest mortgage rates in its history - 2004-02-12
The West Virginia Housing Development Fund is providing qualified homebuyers 30-year loans with interest rates as low as 4.89 percent -- the lowest rate in the fund's existence, Gov. Bob Wise said.

The $30 million will be available to fund mortgage loans for more than 400 qualified West Virginia applicants. The money is available through 70 of the state's financial lenders who participate in the program.
Read the full story at Charleston Daily Mail
 






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