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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
Greenspan: Households' finances in `good shape' - 2004-02-25
The balance sheets of US households are generally in "good shape" as additional cash from a massive wave of home mortgage refinancing and decades-low interest rates helped consumers better manage their debt, Federal Reserve Chairman Alan Greenspan said on Monday.

The financial health of consumers is important to the economy, which in the second half of last year finally cast off its lethargy and has been growing at a healthy pace.
Read the full story at Taipei Times Online
 
Eager Expats Undertake Mortgage Challenge - 2004-02-25
Expats who see one of the advantages of living in Russia as being able to escape dinner party conversations about how property prices are increasingly disappointed.

With the price of the average Moscow apartment rising last year by nearly 40 percent, more and more expats are getting acquainted with Russia's mortgage market.
Read the full story at Moscow Times
 






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