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Mortgage News for Friday - February 13, 2004

More Mortgage News
• US 30-year mortgage rate unchanged Friday
• High on mortgages, low on cameras
• Ex-councilman to serve 15 months for mortgage fraud
• Macon, Ga.-Based Bank to Establish Three Retail Mortgage Offices
• SEC Wants Investigation for Spokane, Wash.-Based Metropolitan Mortgage
• Right of rescission allows you to back out of a loan
• Greenspan to Congress: Future looks bright
• More gains forecasted in home prices
• Fiscal hit up north
• Hawaii mortgage rates drop to 5.25%
• Asian central banks assisting U.S. home buyers
• I COULD LOSE MY HOME, SAYS ANGRY ISABEL
• Home buyers get break as mortgage rates decrease
• TYSON FOODS INTRODUCES $50 MILLION HOMEOWNERSHIP INITIATIVE FOR TEAM MEMBERS WITH FREDDIE MAC
• Home mortgage loans drop again
• Countrywide Bank Enhances Presence in Philadelphia Area; Establishes Financial Center in Huntingdon Valley
• Fannie Mae Goes For Front-End Funding For Feb
• Two men charged in credit-report scam
• Fidelity D & D Bancorp, Inc. Posts 2003 Financial Results
• SouthFirst Bancshares, Inc. Declares Earnings for Three Months Ended December 31, 2003
• Sterling’s mortgage unit breaks $1 billion
• Real estate lending here grew substantially in ’03
• More than zoning needed to keep some lenders from ripping poor off
• Habitat for Humanity to celebrate first house constructed in Jo Daviess County
• Inevitability of Higher Mortgage Rates
• Free autoresponder system for mortgage brokers at mortgagefollowup.com
Mortgage News
Fiscal hit up north - 2004-02-13
A Wall Street rating agency lowered Westchester County's credit rating yesterday. Fitch Ratings cited the growing burden of state-ordered spending and the county's potential liability for financial problems at the Westchester Medical Center.

The action came two days after the county Legislature approved a 2004 budget that raised property taxes by 19%, the county sales tax by half a percentage point and increased mortgage and auto use taxes.
Read the full story at New York Daily News
 
Hawaii mortgage rates drop to 5.25% - 2004-02-13
Hawaii's big lenders cut their 30-rate mortgage rates to 5.25 percent this week, the Honolulu Board of Realtors reports.

The two dominant lenders, Bank of Hawaii and First Hawaiian Bank, both quote 5.25 percent, down from 5.375 percent the week before, and they were joined by number four Central Pacific Bank. Number three American Savings Bank stayed at 5.375 percent.
Read the full story at Pacific Business News
 






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