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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
Kerry's Mortgage Loan Was Key to His Revival - 2004-02-02
Today Sen. John F. Kerry (Mass.) is the Democratic front-runner, higher in the polls, cash coming in over the Internet, his fundraisers getting checks instead of dial tones.

Kerry started pouring his own money into the campaign. On Dec. 12, he put in $500,000 and on Dec. 15, an additional $350,000, after obtaining an advance on a $6.4 million mortgage on his Boston house while the financing was being approved.
Read the full story at Washington Post
 
Texas Mortgage Lenders See Slowdown in Business despite Low Rates - 2004-02-02
Even with interest rates hovering at six-month low, mortgage lenders aren't witnessing the rush of business they had last year.

"It's hard to understand because the rate is so good," said Tammie Harding, executive vice president of Intrust Mortgage in Fort Worth.

The average rate for a 30-year fixed-rate mortgage was 5.58 percent last week, according to the Mortgage Bankers Association.
Read the full story at Miami Herald
 






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