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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
Building society announces best lending figures - 2004-02-16
The Yorkshire building society has declared record annual lending figures after a jump in the number of borrowers.

The Yorkshire said it lent £2.8 billion to more than 47,000 people in 2003 - a 13% increase on the previous year.

A range of products with attractive interest rates, flexibility and fair pricing helped it achieve the figures amid an increasingly competitive mortgage market it claimed.
Read the full story at Ananova
 
California Home Prices Goes On To Break Records - 2004-02-16
Median home prices maintained its rise to record levels in the fourth quarter of 2003, as desperate buyers boosted a sellers' market, experts said.

Thirty-year fixed mortgage interest rates averaged 5.92 percent during the fourth quarter of 2003, down from 6.07 percent in the fourth quarter of 2002, according to the Federal Home Loan Mortgage Corp.
Read the full story at Miami Herald
 






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