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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
House prices to keep climbing - 2004-02-17
Homeowners need not worry of a sudden popping of the housing bubble, because prices in Australia's capital cities should keep climbing for another three years - but in a more restrained way - a housing industry forecaster said.

"I would suggest that there should not be fears that prices are suddenly going to weaken significantly," Mr Mellor said at the launch in Sydney of the PMI Residential Property Overview, produced by mortgage insurer PMI.
Read the full story at Melbourne Age
 
Profits are higher at B&B as mortgage lending climbs 70% - 2004-02-17
Mortgage bank Bradford & Bingley today posted a nine per cent rise in full-year profits - at the higher end of market forecasts - and said the financial year had started well.

The group, which provides a quarter of buy-to-let mortgages in the UK, said gross new lending soared 70 per cent to £9.9 billion as the housing market remained buoyant throughout the year.
Read the full story at Edinburgh Evening News
 






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