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Mortgage News for Tuesday - February 17, 2004

More Mortgage News
• Jobs and the Resurgent Economy Another White House intelligence mistake
• Mortgage duration Fannie Mae Jan duration gap at minus one month
• Condo sales out pace a fast market
• No-proof home mortgage loans 'invite disaster'
• House prices to keep climbing
• Profits are higher at B&B as mortgage lending climbs 70%
• It's cheaper to acquire than rent a council house
• Market for prebuilt homes looks promising
• Scam Alert: He's disappeared - and so has teachers' money
• Wisconsin home sales climb
• Wisconsin home sales climb
• Low mortgage rates helping proprietors of rentals
• DYFS plan involves aid for housing
• Fannie Mae bumps up 2004 US mortgage forecast
• United Financial Mortgage Corp. Enters Title Insurance Market
• Gay Rights Proponents Score Wins in Va.
• Fannie Mae eases mortgage debt buying in January
• Preston's first Home Expo coming, starts April 17 in Kingwood
• U.S. home builder optimism affected by bad weather
• Associated Mortgage to transfer its Loan Servicing to the Fiserv MortgageServ Platform
• Mortgage refinancing frenzy abates
• House prices expected to grow for another three years
• Consumer Direct of America Loan Pipeline Expands to $185 Million in February
• House prices predicted to stabilise
Mortgage News
Consumer Direct of America Loan Pipeline Expands to $185 Million in February - 2004-02-17
Consumer Direct of America, www.cdofamerica.com, today revealed that its wholly owned mortgage subsidiaries, Pro Mortgage and Consumer Direct Lending have originated mortgage loans accumulating in excess of $185 million in the first quarter this year for the company.

The open pipeline represents $4.7 million in potential revenue and $1.7 million in potential gross margin for the quarter.
Read the full story at Business Wire via Yahoo!
 
House prices predicted to stabilise - 2004-02-17
New analysis supports the view that Australian house prices are beginning a period of stability.

Federal Treasurer Peter Costello yesterday said the latest decline in lending for investment properties indicated the market might be stabilising.

Mortgage insurer PMI Mortgage Insurance has released its Residential Property Overview today, based on research by industry forecaster BIS Shrapnel.
Read the full story at ABC Online
 






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