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Mortgage News for Tuesday - February 24, 2004

More Mortgage News
• Greenspan: Mortgage debt could be threat
• CEO of collasped mortgage co. pleads guilty
• Mortgage giant Fannie Mae says Greenspan fails to appreciate its role
• First-time house purchasing '33% less affordable'
• Bank provides Islamic mortgage
• Disappointing consumer confidence report push stocks down
• Greenspan says Adjustable Rate Mortgages might be better option
• Don't ignore tax breaks for mortgage points
• Raleigh, N.C.-Area Professionals See Many Learn Difficult Lessons during Tax Season
• Twenty-somethings hurry to acquire homes
• CMHC allow buyers work for down payment
• Zero Down Payment Plan Could Make Initial Home Ownership 'Too Easy'
• Mortgage giants Fannie Mae, Freddie Mac Lower on Greenspan Speech
• FTC Testifies on its Actions to Fight Unfair and Deceptive Subprime Lending
• US Treasury Sec, Greenspan Draw Positive Picture of US Economy
• Bain supports probe of bank lending practices
• First-time home buyer numbers 'collapse'
• Two charged in federal mortgage scheme situation
• Acxiom Builds Alliance To Combat Financial Fraud
• Mortgages: J.P. Morgan merger criticized
• Analysts: Longer-term lending main challenge this year
• Higher mortgage rate despite higher equity
• Standard Life faces anger over executive pay
• Mortgage Firms are Shut Down
Mortgage News
Acxiom Builds Alliance To Combat Financial Fraud - 2004-02-24
Acxiom Corp. and credit bureau giant TransUnion declared a new partnership Monday that will help banks, insurance companies and other financial institutions in fighting the expanding problem of fraud.

Terms of the deal were not disclosed. However, the shared database, called the Fraud Management Platform, would exchange immediate transaction information among credit card issuers, retail banks, merchants, mortgage companies, telephone companies and health-care providers for verifying customers.
Read the full story at Southwest Times Record
 
Mortgages: J.P. Morgan merger criticized - 2004-02-24
The $58 billion merger of J.P. Morgan Chase and Chicago's Bank One will not be beneficial for low-income consumers and minorities, the Bronx-based non-profit Inner City Press/Fair Finance Watch said yesterday.

It also accused Chase Manhattan Mortgage of denying loan applications to African Americans and Latinos more frequently than other banks in cities such as Washington.
Read the full story at New York Daily News
 






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