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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
It's cheaper to acquire than rent a council house - 2004-02-17
Council tenants are finding it cheaper to acquire their homes - or even private houses - than continue to rent. They can be £15 a week better off initiating repayments on a £35,000 mortgage than renting.

Manchester has been ordered by the government to drop its rents in real terms as it emerged they were the highest in the region at an average of £51.58 a week.
Read the full story at Manchester Online
 
Market for prebuilt homes looks promising - 2004-02-17
From Woodland to Washington, optimism have soared in the manufactured housing industry following Fannie Mae's recent decision to slash in half - to 5 percent - its minimum down payment for a 30-year mortgage on a factory-built home.

Fannie Mae, the nation's largest mortgage purchaser, announced last week that it has partnered with nine lenders, including Washington Mutual, to offer the lower-down-payment loans.
Read the full story at sacbee
 






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