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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
Fannie Mae Goes For Front-End Funding For Feb - 2004-02-13
Fannie Mae, the nation's biggest mortgage finance company, revealed Friday its funding plans for February.

The company plans to issue $5 billion of new 3-year benchmark notes next week through joint lead managers Deutsche Bank Securities, HSBC Securities and Merrill Lynch.

The securities, due Feb. 15, 2007, will price Thursday and settle Friday.
Read the full story at Dow Jones via Yahoo!
 
Two men charged in credit-report scam - 2004-02-13
Two East Bay men have been arrested and arraigned in a fake credit scheme. U.S. Secret Service agents arrested Emmet G.J. Williams, 31, of Richmond and Demarcus Hicks, 27, of Antioch on Monday.

The indictment claims Williams, while working in data entry for a private mortgage-insurance company in Concord, illegally used the company's computer system 23 separate times in 2002 to get confidential credit information on about 60 people from the credit-reporting agency Equifax.
Read the full story at The Argus
 






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