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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
Schools Should Have Financial Education, Says U.K. Mortgage Lender - 2004-02-19
Education on money matters should be a compulsory part of schools' curriculums, suggests s Britannia Building Society.

Borrowers need a better understanding of the risks, for example, of coming off a fixed-rate mortgage, according to chief executive Neville Richardson.
Read the full story at Miami Herald
 
LandAmerica 4th-quarter profit drops - 2004-02-19
LandAmerica Financial Group Inc., a provider of real estate transaction services, on Wednesday said fourth-quarter profit decreased 63 percent, reflecting a significant drop in mortgage activity and one-time charges.

The Richmond, Virginia, company posted a profit of $24.7 million, or $1.32 a share, down from $66.3 million, or $3.61, in the year-earlier period.
Read the full story at Reuters
 






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