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Mortgage News for Thursday - February 19, 2004

More Mortgage News
• Mortgage rates hit lowest levels in months
• The new math on tax deductions
• Decrease in number saving for a rainy day
• Home sales strongest since '89
• Faces In The News
• Thousands likely to be dealt worsening mortgage shortfall
• Who's afraid of a bad mortgage loan crisis?
• New year sees lower mortgage lending
• Mortgage Loan Index Higher for Week
• The Miami Herald Money Moments Column
• Schools Should Have Financial Education, Says U.K. Mortgage Lender
• LandAmerica 4th-quarter profit drops
• Housing prices higher: BMO
• Shoppers may force interest rate hike
• Mortgage lending cools off
• Rate of bankruptcies, foreclosures surges
• 'We can carry this deficit,' says Bush crew
• Leading Indicators Higher in January
• Mortgage Service Provider Basis100 has a new chief executive
• Stocks dragged down by housing report
• A checklist for prospective home buyers
• Read the fine print on 'for richer or poorer'
• Mortgage Giants Fannie, Freddie say met 2003 U.S. housing goals
• Home construction saw huge decline in January
• Affordable Residential Communities Inc. Finishes Initial Public Offering
• Business Bank of Nevada Goes Into Reno Market With the Opening of a Loan Production Office
• Pacific Life Insurance Co. Commercial Mortgage Servicer Rankings Reiterated
• RISING MORTGAGE DEBT MAY BE GOOD FOR BANKS, BUT WORRISOME FOR THE ECONOMY
Mortgage News
Mortgage Giants Fannie, Freddie say met 2003 U.S. housing goals - 2004-02-19
The leading U.S. sources of mortgage finance, Fannie Mae and Freddie Mac, declared this week they have reached the 2003 goals the government set for them for helping lower-income homebuyers.

The companies' announcements come on the eve of a debate in Congress on beefing up oversight of the pair, after the emergence of accounting problems and questions over how much they help low-income homebuyers.
Read the full story at Reuters via Forbes
 
Home construction saw huge decline in January - 2004-02-19
The number of housing projects builders broked ground on in January decreased by a significant amount in nearly a year as bad winter weather played havoc with construction activity.

Home sales reached record high levels in 2003, powered by low mortgage rates that proved too good for buyers to pass up. Sales of both previously owned homes and new ones should have their second best year ever in 2004 - even with an expected rise in mortgage rates, economists said.
Read the full story at Marin Independent Journal
 






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