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Mortgage News for Wednesday - February 4, 2004

More Mortgage News
• US 03 refinancings establish record $139 bln-Freddie Mac
• U.S. weekly mortgage requests dropped last week- MBA
• Average price for first house breaks £100,000
• An Investment Legend's Advice
• First United Bank to Establish Two Branches in Amarillo, Texas
• Toledo, Ohio, Victims of Predatory Mortgage Lending Turn to Mediation Program
• Warning over home equity release
• Home Upgrades That Pay
• Interest Rates stay the same... for now
• Rates reprieve, but borrowers still feeling the pressure
• Demand for business loans increasing
• ''Smart Commute'' Program Provides Added Mortgage Benefits to Home Buyers on Atlanta's Transit Routes
• House prices surging again
• Capital mortgage lender's collapse reviewed
• Variable home mortgage rates lifting
• Council agrees with apartment tenants
• Farmworkers await completion of affordable homes in West Delray
• Former mortgage executive ordered to testify
• Cash-Out Refinancing Activity Increased In 4Q Of 2003
• Eight weeks until early application discount ends, FSA reminds mortgage firms
• STANDARD LIFE STILL IN THE NEWS
• Take precautions against ID theft
• Single-family home prices at record high and still going
• County home sales set record year
Mortgage News
STANDARD LIFE STILL IN THE NEWS - 2004-02-04
Standard Life were in the headlines this week. It hopes to give an update later this month on how talks are continuing with the Financial Services Authority regarding the calculation of its financial strength.

The Scotsman has predicted that Standard Life could spend as much as UKP 10m on the strategic review. Standard Life is also expected to outsource the handling of mis-selling complaints from endowment mortgage holders in order to meet the deadline set by the FSA.
Read the full story at Insurance Newslink
 
Take precautions against ID theft - 2004-02-04
The crime of identity theft has altered how Natick Detective Jim Ordway goes about with his job.

Identity theft is when someone uses someone else's personal information to open credit cards, clear bank accounts, find a job or take out a mortgage. In 2003, the FTC received 3,634 complaints from Massachusetts residents who had fallen victim.
Read the full story at Daily News Transcript
 






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