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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
Demand for business loans increasing - 2004-02-04
Banks reported a jump in demand for business loans for the first time in four years as companies became more confident in the expanding economy, according to a Federal Reserve report.

Demand for commercial real estate loans in the past three months also increased for the first time since 2000, while home mortgage loans cooled, according to the January survey of senior loan officers at 56 domestic and 21 foreign banks.
Read the full story at SignOn San Diego
 
''Smart Commute'' Program Provides Added Mortgage Benefits to Home Buyers on Atlanta's Transit Routes - 2004-02-04
Citing the Washington-based Surface Transportation Policy Project's data that the average Atlanta household disburses about $8,500 a year in car-related costs.

The Atlanta Journal-Constitution applauds the ''Smart Commute'' pilot program, just introduced in the area by the Federal National Mortgage Association (Fannie Mae) as its 17th nationwide, as an example of ''smart growth'' and one of the ''creative, thoughtful solutions'' needed to reduce the region's traffic congestion and air pollution, and to increase home ownership.
Read the full story at Smart Growth Online
 






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