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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
Lafayette Community Bancorp Declares Eighth Consecutive Quarter of Earnings - 2004-02-02
Lafayette Community Bancorp , parent company of Lafayette Community Bank, declared our eighth consecutive quarter of earnings. We are pleased to announce pre-tax earnings of $1,283,000 for the year ended December 31, 2003.

We did see our loan portfolio grow in 2003 and our commercial pipelines are strengthening, which we hope will translate into higher commercial loans
outstanding this year.
Read the full story at PR Newswire
 
U.S. home affordability up in fourth quarter - 2004-02-02
U.S. housing affordability grew in the fourth quarter of 2003, an industry trade group said on Monday, reflecting a stronger economy and lower home prices.

Thirty-year mortgage rates have averaged below 6 percent since the second week of December, ending at 5.68 percent last week, according to mortgage finance company Freddie Mac.
Read the full story at Reuters via iWon
 






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