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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
Guru Face-Off: Home Builders - 2004-02-20
Since last March, the Philadelphia Housing Index is 85% higher. This basket of 21 stocks--mostly home builders--climbed 50% in the three months before the Federal Reserve last decided to cut the federal funds rate in June.

But after such an extended run fueled in no small part by rock-bottom mortgage rates, most market watchers say that it's time for this sector to cool off and that past gains are not sustainable.
Read the full story at Forbes
 
Investors in Nevada Mortgage Brokerage Fund Fight Court's Decision - 2004-02-20
A group of investors in a mortgage brokerage fund that the government seized and treated as a $48 million "Ponzi-like investment scheme" is challenging a federal court decision to appoint a receiver.

The dispute stems from an injunction that the Securities and Exchange Commission obtained in December, freezing the assets of Global Express Capital Real Estate Investment Fund and related businesses.
Read the full story at Miami Herald
 






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