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Mortgage News for Monday - February 23, 2004

More Mortgage News
• Greenspan suggests household balance sheets in 'good shape'
• UK could get hit with 'housing bubble'
• Fannie, Freddie Overestimated Loan Limits
• First Active lowers fixed mortgage rates
• $33m man lives up to his worth
• First-home buyers get relief from stamp duty
• Everyday People: New 'Habitat' chief assist in building community
• Financial potholes on way to your dream house
• WACHOVIA'S MARTIN DAVIS REGARDED ONE OF TECHNOLOGY'S 50 MOST IMPORTANT AFRICAN-AMERICANS FOR 2004
• Buy-to-let sales could drag down market
• Keith Locker Named to President of RFR's Inlet Capital LLC
• Be careful of fine print of deals guaranteeing closing costs
• Reporting for Duty
• Chevy Chase Bank Picks Guardian Mortgage Documents' NGIS for Web-Based Document Production
• New housing shortage has prices climbing
• Mortgage Rates Continue to Abate
• Freddie Mac's Home Value Explorer is Currently Available on Basis100's Decisioning Platform
• Checking for Adverse Selection and Moral Hazard in Consumer Loan Markets
• Stewart Realty Solutions Acquires RealtyAssist
• AccuPost Corp. Reorganizes to Accommodate Growth and Increase Scalability
• Hanover Capital Mortgage Holdings Declares 2003 Fourth-Quarter and Year-End Results
• Document Systems, Inc. and Integra Software Systems Unveils DocMagic Direct Interface For Destiny Users
• Beware of mortgage rates that jump before you close on loan
• Tarrant County Incorporates Hart InterCivic System to Electronically Record Real Estate Documents
• Foreclosures touch another record in '03
• Tax Break: How your house can boost your deductions
Mortgage News
$33m man lives up to his worth - 2004-02-23
Chris Cuffe has lived up to his tag of the $33 million man, declaring a half-year profit for Challenger Financial Services Group to equal the executive payout that made him famous.

Mr Cuffe, whose options-style pay package is potentially worth $21 million, said Challenger had now quit a raft of peripheral businesses, including its New Zealand arm, to focus on annuities, mortgage lending and funds management.
Read the full story at Melbourne Age
 
First-home buyers get relief from stamp duty - 2004-02-23
Worries of a downturn in the housing market have caused the State Government to fast-track the stamp duty savings it promised in the election campaign.

Raise the First-Home Buyers Mortgage Duty exemption from $100,000 to $250,000.

• Introduce a new incremental rebate system for purchases above $250,000, phasing out the stamp duty rebate at $500,000 instead of $160,000.
Read the full story at Courier Mail
 






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