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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
North Fork Said to Be Near Deal to Acquire GreenPoint Financial - 2004-02-16
North Fork Bancorporation is in advanced talks to acquire GreenPoint Financial for about $6.3 billion in stock, creating one of the biggest consumer banks serving the five boroughs, executives briefed on the talks said yesterday.

GreenPoint is the holding company for GreenPoint Bank, a New York State-chartered savings bank and GreenPoint Mortgage, which sells mortgages nationwide.
Read the full story at New York Times
 
Fannie Looks Southwest For Home - 2004-02-16
Fannie Mae could provide a big boost to the District's plans to spruce up the Southwest waterfront if the mortgage-financing company moves there from Wisconsin Avenue in Northwest.

The company employs 4,000 people at its main building at 3900 Wisconsin Ave. NW. It also leases or owns more than 1 million square feet in the Northern Virginia and Maryland suburbs. Fannie Mae is adding employees and overspilling its offices, real estate brokers and developers said.
Read the full story at Washington Post
 






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