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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
Affordable Residential Communities Inc. Finishes Initial Public Offering - 2004-02-19
Affordable Residential Communities Inc. declared today that it has completed its initial public offering and its acquisition of 79 manufactured home communities from privately held Hometown America L.L.C.

In addition, ARC will acquire an additional 11 communities upon the completion of the mortgage debt loan assumption process. The 90 acquired communities are located in 24 states and total 26,406 homesites.
Read the full story at Business Wire
 
Business Bank of Nevada Goes Into Reno Market With the Opening of a Loan Production Office - 2004-02-19
Business Bank of Nevada today announced that it has grew its northern Nevada banking operations into the Reno area with the establishing of a Loan Production Office (LPO).

Achurra joins Business Bank following 12 years with Colonial Bank of Nevada, which was formerly InterWest Bank. Prior to leaving Colonial Bank,
Achurra was executive vice president and regional production manager for the Bank's Nevada and Idaho Retail Mortgage Division.
Read the full story at PR Newswire
 






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