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Mortgage News for Wednesday - February 25, 2004

More Mortgage News
• Freddie Mac gets more time on accounting problems
• Factory Orders Lower As Home Sales Soar
• Mortgage Refinancings Up Despite Higher Rates
• First-time home buyers pushed out by property investors
• Mortgage giants pose risk to U.S. taxpayers, Greenspan says
• Jan. existing home sales drop more than expected
• Fed's Bies-market must prepare for U.S. rate rise
• Have Credit Unions Lost Their Way?
• Demand for rental property up
• Fed's Gramlich warns on higher U.S. debts
• Median home price lower in Feb.
• HBOS sees jump in annual profits
• Bank rapped over mortgage letter
• Judge Throw Out Challenge to BOA Merger
• H&R Block Reports Lower 3Q Profits
• HUD 'Fix' Most Likely to Hurt Home Buyers
• Greenspan: Households' finances in `good shape'
• Eager Expats Undertake Mortgage Challenge
• Mortgage lending a boost for BankWest
• Lowering mortgage expense
• Greenspan Mortgage Warning Hits Home
• Sir Peter is named ITV chief
• Wimpey profits through the roof in record year
• Adjustable-rate mortgages attract home buyers
• Mortgage issuers could pose economic threat
• Champion Mortgage(R) Appoints Terri Finnerty Vice President, Chief Marketing Officer
• As interest rates rise, economists expect growth to follow
• Is it too late to refinance mortgage?
Mortgage News
Mortgage issuers could pose economic threat - 2004-02-25
Fannie Mae and Freddie Mac, the largest buyers of home mortgages, could pose a risk to the financial system because of their rapid growth, Fed chairman Alan Greenspan said.

The companies "are expanding at a pace beyond that consistent with systemic safety" and require tougher regulation by Congress, Greenspan told the Senate Banking Committee. "There are many ways to enhance the attractiveness of home ownership at significantly less potential costs."
Read the full story at New York Daily News
 
Champion Mortgage(R) Appoints Terri Finnerty Vice President, Chief Marketing Officer - 2004-02-25
Champion Mortgage, a division of KeyBank USA NA, today revealed the promotion of Terri Finnerty to Vice President, Chief Marketing Officer. In this role, Finnerty is in charge of leading Champion's marketing efforts, and overseeing the activities of Gerbig, Snell/Weisheimer.

In addition, Finnerty will continue to serve on the executive team of Champion Mortgage, act as a management team member of the KeyBank USA Marketing group, and oversee marketing department staff.
Read the full story at Market Wire
 






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