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Mortgage News for Wednesday - February 18, 2004

More Mortgage News
• Ceres family wins house giveaway
• Residential construction activity slows
• U.S. housing starts fall, store sales up
• US mortgage requests higher, 30-yr rate at 7-month low
• AOL applies heat on alleged Sunshine State spammers
• US Weekly Mortgage Requests Higher in Week
• Pay down a mortgage with a home-equity loan
• Move up and out - but stay put
• Manchester council tenants 'better off purchasing'
• Free wheeling parents leave little inheritance
• Seattle-Based Washington Mutual to Open 50 More Branches in Chicago Area
• Don't bank on Bradford & Bingley
• Dayton, Ohio, Housing Authority to Review Links with Nonprofit Agency
• Executives Draw Paychecks at Bankrupt Spokane, Wash., Metropolitan Mortgage
• Should I offset mortgage?
• Not so sweet equity release
• North Fork, GreenPoint to shut 15 banks
• Mortgage lending surge boosts Britannia
• Bank's MPC members unanimous on interest rate hike
• Prepaying mortgage hikes taxes?
• Bermuda housing market forces 'out of control', claims economist
• Greenspan to Congress: Future looks bright
• Keep up with the going mortgage rate
• Many waltham residents in danger of being forced away by quickly rising costs
• Dubai house prices should double
• Fannie Mae critical of Fed study on its market role
Mortgage News
AOL applies heat on alleged Sunshine State spammers - 2004-02-18
America Online revealed on Wednesday that it has launched a civil suit against four Florida-based individuals who the company believes are responsible for sending huge amounts of spam e-mail to its members.

The company said it first became aware of the group in January 2003 via a wave of 1.5 million user complaints and immediately launched an investigation into the spammer's operations. The scheme reportedly involved an onslaught of e-mail messages loaded with hypertext links advertising low mortgage rate offers for AOL members.
Read the full story at CNET
 
US Weekly Mortgage Requests Higher in Week - 2004-02-18
Americans filed more mortgage requests last week as interest rates on 30-year fixed-rate mortgages dropped to their lowest levels in seven months, an industry trade group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted market index, a measure of weekly mortgage activity, rose for the week ending Feb. 13 by 4.9 percent to 837.1 from the previous week's 797.8.
Read the full story at CNBC
 






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