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Mortgage News for Tuesday - February 3, 2004

More Mortgage News
• Mortgage Industry Veteran Peter J. Levasseur Joins American Business Financial Services
• Report Uncovers Huge Rent/Mortgage Burden For Illinoisans
• Impac Mortgage Holdings "buy," target price upped
• Don't pass up tax breaks of home mortgage points
• Mortgage rates expected to be steady
• HSBC Mortgage Corporation (USA), HSBC Bank USA, Freddie Mac, Affordable Housing Partnership Start $25 Million Dollar 'SHOP-CAPITAL' Program
• Mortgage Design Group.Com Leads Effort To Provide Identity Theft Protection In Colorado
• Wells Fargo Home Mortgage Gets NACHA's 2004 Payments System Award
• Homeownership Rate Establish Record in 2003
• Government asked to regulate home reversion plans
• Mortgage loan for recruit endorsed
• Freddie Mac's Loan Prospector(R) Service Reviews 9.5 Million Mortgage Loans in 2003
• Connecticut Consumers Maintain Faith in State Economy
• Outlook: As interest rates start to go up, how far can they go?
• £40,000 debt of the average family
• Columbia shares lower amid changes
• MBA Graduates Certified Mortgage Bankers at CREF Convention
• Security Bancorp, Inc. Release Fourth Quarter Earnings
• MBA Discloses Annual Multifamily and Commercial Servicer Rankings
• UB Mortgage rolls out loan for homeowners staying put
• Those With Poor Credit And Recent Bankruptcies Need To Explore Subprime Lending When Buying Or Refinacing Their Home
• Mortgage of the week - 2nd February 2004
• Recent sales appointments for Mortgage Trust
• Learning the value of a dollar U
Mortgage News
Impac Mortgage Holdings "buy," target price upped - 2004-02-03
Analysts at Roth Capital Partners maintained their "buy" rating on Impac Mortgage Holdings, while upping their estimates for the company. The target price has been raised to $21.70.

In a research note published this morning, the analysts mention that the company reported its Q403 EPS significantly ahead of the consensus and the estimates. The analysts express their optimism regarding the company’s 2004 performance, supported by a recovery in the economy.
Read the full story at New Ratings
 
Don't pass up tax breaks of home mortgage points - 2004-02-03
Did you take advantage of historically low mortgage rates last year to purchase, build or refinance a home? Then you probably already know of the tax advantage that mortgage interest can provide.

But many homeowners overlook the tax break available for points paid to get a home loan. In some cases, points also could shave tax bills for folks who refinanced or got an equity loan or line of credit.
Read the full story at Bankrate.com
 






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