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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
'We can carry this deficit,' says Bush crew - 2004-02-19
Treasury Secretary John Snow said Wednesday the federal deficit is too big and must shrink, but it will not come in the way of an economic recovery.

Snow compared this year's projected $521 billion deficit to a home mortgage. The more money you make, the larger the mortgage you can afford, much like the national economy and the deficit, he said.
Read the full story at The Daily News
 
Leading Indicators Higher in January - 2004-02-19
Evidence continues to mount that the U.S. economy is improving -- including on the jobs front. The Conference Board said Thursday that its Composite Index of Leading Economic Indicators rose 0.5 percent in December to 115.0 following gains of 0.2 percent in December and 0.3 percent in November.

Meanwhile, a nationwide survey showed mortgage rates around the country dropped this week to their lowest levels in seven months.
Read the full story at The Stamford Advocate
 






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