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Mortgage News for Monday - February 2, 2004

More Mortgage News
• Do deficits matter?
• Over reaction to Fed
• Factories humming but jobs still elusive
• Bank boss resigns over rogue trades
• Fannie Mae warned Congress on pay disclosures
• Money management made simple
• Take This Bill And Pay It
• They want to be prepared for a family financially
• Kerry's Mortgage Loan Was Key to His Revival
• Texas Mortgage Lenders See Slowdown in Business despite Low Rates
• Family Pays Down Massive Consumer Debt with Credit Counseling
• Don't worry -- Fed won't be hiking rates soon
• Subprime Loan Victims to Get Additional Redress
• Homebuyers face mortgage rate rise shock
• Loans in negative equity down sharply
• $25M program seeks to promote low-income home ownership
• Mortgage vs. Rent
• City look for buyers for small home
• Triad Guaranty posts increase in 4Q, full-year earnings
• Conditions perfect for construction of new homes in Indian River Co.
• MISMO eMortgage Workgroup Launches SMART Document Implementation Guide Version 1.0
• MBA Happy that HUD's Budget Includes Programs to Help Increase Homeownership and Affordable Housing
• US mortgage bonds quiet: eye on jobs, prepay data
• Stewardship Financial Corporation Declares Record Earnings for Year Ending December 31, 2003
• Lafayette Community Bancorp Declares Eighth Consecutive Quarter of Earnings
• U.S. home affordability up in fourth quarter
Mortgage News
Triad Guaranty posts increase in 4Q, full-year earnings - 2004-02-02
Triad Guaranty Inc. revealed that fourth-quarter and full-year 2003 earnings were higher compared to the previous year.

The Winston-Salem-based mortgage insurer posted quarterly earnings of $13.6 million, up 13 percent from the year-ago quarter. Fourth-quarter revenues totaled $38.7 million, up 21 percent from a year earlier.
Read the full story at Triad Business Journal
 
Conditions perfect for construction of new homes in Indian River Co. - 2004-02-02
New home construction surged 29 percent this past year in Indian River County.

"We've got the conditions of the perfect storm," said Chip Landers, The Professionals real estate broker, referring to low interest rates, relatively cheap land and high demand.

"The economy is better and I'm doing better. The mortgage payments are basically the same. It just made sense," Landers said.
Read the full story at Press Journal
 






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