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Mortgage News for Friday - February 20, 2004

More Mortgage News
• Mortgage rates dip to lowest level in 7 months
• Alliance & Leicester posts strong profits growth
• Plans to assist house buyers
• Don't fear U.S. consumer meltdown
• California housing market prices set new records in January
• Mortgage Bank A&L reports 12% jump in profits
• Guru Face-Off: Home Builders
• Investors in Nevada Mortgage Brokerage Fund Fight Court's Decision
• The figures suggests a rosier job picture
• Habitat for Humanity Gives Itself New Home, Resale Store in Toledo, Ohio
• Regulators file charges against failed bank's ex-president, associate
• Mortgage lending up, strong retail sales add to pressure
• Housing prices continue to increase amid robust sales
• Mortgage and general insurance - transitional provisions for consumer complaints
• OFFER TO SHARE WHICH CAN PROVIDE FIRST-TIME BUYERS A LEG UP ON PROPERTY LADDER
• U.S. mortgage bonds lower after January CPI rise
• Will economy be Bush's downfall
• Condos hit single-family price parity
• MCAP Inc. Posts Fourth Quarter Earnings
• Lenders providing more flexible ways to buy home
• Mortgage Refinancings boost revenues in county clerk's office
• Inflation lower in January
• Rivoli declares stock split, annual earnings
• Peninsula 'hotter than a pistol'
Mortgage News
Mortgage Refinancings boost revenues in county clerk's office - 2004-02-20
The Morris County Clerk's Office generated a record $34 million last year, the second consecutive year of major increases in revenues, mostly thanks to a record number of mortgage refinancings caused by low interest rates, according to county officials.

The $34 million doubles the amount collected just five years ago, when the clerk's office generated $17.8 million.
Read the full story at Star Ledger
 
Inflation lower in January - 2004-02-20
Canada's annual inflation rate decreased in January, but the market is treating the change as a statistical quirk that will do little to alter expectations for another interest rate cut by the central bank.

The "core" rate of inflation, which strips out volatile components such as fuel prices and mortgage interest costs, was flat between December and January and up by 1.5 per cent from January 2003.
Read the full story at Ottowa Business Journal
 






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