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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
Home buyers get break as mortgage rates decrease - 2004-02-13
Mortgage rates — after rising for two straight weeks — dropped this week, offering a break for people wanting to acquire a home.

The average rate on 30-year mortgages fell to 5.66 percent, down up from 5.72 percent last week, Freddie Mac, the mortgage giant, said yesterday in its weekly nationwide survey of mortgage rates.

Rates on these benchmark mortgages hit a four-decade low of 5.21 percent in the middle of June.
Read the full story at Honolulu Advertiser
 
TYSON FOODS INTRODUCES $50 MILLION HOMEOWNERSHIP INITIATIVE FOR TEAM MEMBERS WITH FREDDIE MAC - 2004-02-13
Tyson Foods, Inc., today will unveil a new and important program to help eligible Tyson Team Members become homeowners.

Tyson is launching the $50 million Workforce Home Benefit program with the Tyson Credit Union, a division of 66 Federal Credit Union; Balance Financial Fitness Program; National Credit Union Foundation; and Freddie Mac, one of the nation's largest investors in residential mortgages. The Tyson program is the largest of its kind in the United States.
Read the full story at Freddie Mac
 






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