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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
Asian central banks assisting U.S. home buyers - 2004-02-13
Prices of mortgage bonds guaranteed by the U.S. Government National Mortgage Association have climbed in the past year, helping to push down U.S. mortgage rates, thanks in part to foreign central banks seeking a safe place to park dollars.

While U.S. Treasuries may still be the gold standard in terms of safety for foreign central banks, bonds issued by Ginnie Mae are a top choice, analysts say.
Read the full story at Reuters via Yahoo!
 
I COULD LOSE MY HOME, SAYS ANGRY ISABEL - 2004-02-13
Angry Isabel Cummings fears Renfrewshire’s huge council tax hike could cause her to lose her home.

The 59-year-old was forced to quit her job six years ago after she was struck down with arthritis and then cancer – and she hasn’t worked since.

“Soon it will be more than £200, which ironically is more than I pay for my mortgage and insurances.”
Read the full story at Paisley Daily Express
 






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