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Mortgage News for Monday - February 16, 2004

More Mortgage News
• Homeownership is good at tax time
• Developers cut incentives
• North Fork Said to Be Near Deal to Acquire GreenPoint Financial
• Fannie Looks Southwest For Home
• Building society announces best lending figures
• California Home Prices Goes On To Break Records
• OTP plans 16% revenue growth at parent bank in 2004
• Mortgage firm appoints Sexton vice president
• NAB chairman Allen resigns
• Tax Time 2003
• ‘LIFETIME’ MORTGAGE RISE COULD MEAN DANGER FOR UNPROTETCED BORROWERS
• Fulton County mortgage tax increase
• Mortages "volatile" in OCR wake
• The Fed on Mortgage Giants Freddie and Fannie
• Finance Ministry Studies Tax Breaks for 'Reverse Mortgage'
• Bank of Nova Scotia to lower mortgage rates
• Abbeys new specialist mortgage service to work on large loans
• Back Yard: Group raising funds to build houses
• FREDDIE MAC ASSISTED A RECORD NUMBER OF FAMILIES OBTAIN LOW COST MORTGAGES AND AFFORDABLE HOUSING IN 2003
• FREDDIE MAC APPOINTS NEW VICE PRESIDENT FOR SALES
• New county housing plan puts homes in reach of the disabled
• Tool Adjusts Mortgage Lending Playing Field Between Credit Unions and Nationwide Mega-Lenders
• Local brothers build paperless mortgage origination system saving processing time
• Get credit cleaned up before interest rates rise
• Mortgage bank eliminates N. Virginia jobs
• Don't buy into a mortgage mess
Mortgage News
FREDDIE MAC ASSISTED A RECORD NUMBER OF FAMILIES OBTAIN LOW COST MORTGAGES AND AFFORDABLE HOUSING IN 2003 - 2004-02-16
In 2003, Freddie Mac provided mortgages for homes for more than 5.5 million families, or approximately one family every six seconds.

Freddie Mac also exceeded the affordable housing goals established by the Department of Housing and Urban Development (HUD), and helped provide quality affordable housing to millions of low-income and minority families.
Read the full story at Freddie Mac
 
FREDDIE MAC APPOINTS NEW VICE PRESIDENT FOR SALES - 2004-02-16
John V. Britti goes to Freddie Mac as vice president of Community Lending. Britti will oversee all Community Lending’s sales efforts, customer relationships, as well as the sales force and organization.

We’re thrilled to leverage his unique leadership experiences and mortgage industry knowledge as we continue our support and outreach to community-based lenders.
Read the full story at Freddie Mac
 






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