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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
Condo sales out pace a fast market - 2004-02-17
Condominiums, the long-suffering stepchild of the U.S. housing market, had come to age. In big cities and across the Sun Belt, condo sales are surging, and prices are up smartly.

They've moved in the last few years from laggard to leader in a national housing market that took off a decade ago and has been kept strong by high demand and low mortgage rates.
Read the full story at USA Today
 
No-proof home mortgage loans 'invite disaster' - 2004-02-17
One of Britain's largest building societies yesterday said mortgage deals that let people to sign up without having to prove their income were "an accident waiting to happen".

Yorkshire building society said the Financial Services Authority should bring in tougher rules for so-called self-certification mortgages when it starts policing home loans in October.
Read the full story at Guardian Unlimited
 






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