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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
H&R Block Reports Lower 3Q Profits - 2004-02-25
H&R Block Inc.'s third-quarter profit dropped 19 percent, mainly due to lower mortgage-asset sales than in the previous year.

The Kansas City-based tax preparer reported earnings of $106.7 million, or 59 cents per share, for the quarter that ended Jan. 31. That compared with earnings of $132.3 million, or 73 cents per share, for the third quarter of 2003.
Read the full story at San Jose Mercury News
 
HUD 'Fix' Most Likely to Hurt Home Buyers - 2004-02-25
If you are amongst the millions of homeowners who have refinanced a mortgage in the last two years - maybe not once, but perhaps twice or three times - then you have done your duty to jump-start the economy and get it going again.

Or if you are one of the many millions who have bought new homes in the same period, you have not only made the mortgage bankers happy, but also the realtors, the building trades, and the home-furnishings industry.
Read the full story at Insight Magazine
 






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