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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
Connecticut Consumers Maintain Faith in State Economy - 2004-02-03
Connecticut consumers continue displaying increasing faith in a state economy that seems to be on the mend, despite the lack of job growth, according to a poll released Monday.

David Marcantonio agreed business has been particularly busy the last six months. Marcantonio is president of Action Funding, a commercial and business mortgage company in Torrington that specializes in helping entrepreneurs who don't qualify for lending through traditional avenues.
Read the full story at Miami Herald
 
Outlook: As interest rates start to go up, how far can they go? - 2004-02-03
Interest rates will be going up again by the end of this week. Of that there is no doubt, yet the question mortgage holders really want answered is how far they'll increase before they stop.

If the Chancellor is right in his forecast of 3 to 3.5 per cent growth this year, then it is easily possible to imagine the base rate rising to 5 per cent or possibly even higher by the end of this year.
Read the full story at Independent
 






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