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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
Dayton, Ohio, Housing Authority to Review Links with Nonprofit Agency - 2004-02-18
After officials at Sankofa Corp. learned that former executive director Deborah E. Brown had drawn $45,000 of the agency's public funds, they had her resign and sign a note for a $45,000 no-interest loan rather than pursuing criminal charges against her.

A week after cashing the check, Brown purchased a $260,000 home in Harrison Twp. on Jan. 16, 2003, taking out a mortgage of $234,000, real estate records show.
Read the full story at Miami Herald
 
Executives Draw Paychecks at Bankrupt Spokane, Wash., Metropolitan Mortgage - 2004-02-18
Metropolitan Mortgage & Securities Inc. executives look for continued salaries and payments as the company deals with bankruptcy.

Former Spokane city councilman and mayoral candidate Steve Corker, who sits on Metroplitan's board and heads its Western United Life Assurance Co. subsidiary, will be paid $252,000 this year, according to bankruptcy papers filed recently.
Read the full story at Miami Herald
 






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