Fannie, Freddie Overestimated Loan Limits - 2004-02-23
The regulator of the two largest U.S. mortgage finance companies said on Monday they overestimated the ceiling for loans they can properly finance.

The Office of Federal Housing Enterprise Oversight, which oversees the financial soundness of government-sponsored enterprises Fannie Mae and Freddie Mac, said the companies improperly set the 2004 maximum for loans they can buy at $333,700, $2,300 higher than it should have been.
Read the full story at Reuters

First Active lowers fixed mortgage rates - 2004-02-23
First Active has announced that it is to decrease its fixed interest mortgage rate by between 15 and 20 points. The new rates will apply to all new business and will be in effect from today.

Brendan O'Hara, head of marketing at First Active said that the building society had revised its rates to reflect he downward shift in longer term euro interest rates.
Read the full story at OnBusiness