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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
Farmworkers await completion of affordable homes in West Delray - 2004-02-04
West Delray — A new home with airy rooms and a modern kitchen is still the thing of dreams for families planning to relocate to In the Pines, a new complex of town houses and single-family units constructed largely for farmworkers.

Jezabel Perez Rivera, 31, a Puerto Rican-born mother of three, got tired of waiting in the cramped trailer she shared with her husband until last fall. So the couple moved into a small house in Lantana, for which they were able to get a mortgage.
Read the full story at Palm Beach News
 
Former mortgage executive ordered to testify - 2004-02-04
Freddie Mac's former CEO Leland Brendsel has been told by a court to testify in the government's investigation of the McLean-based company's accounting scandal, according to the mortgage giant's government regulator.

The Office of Federal Housing Enterprise Oversight, which oversees both Freddie Mac and Fannie Mae, says judge Leonie Brinkema of the United States District Court for the Eastern District of Virginia upheld its subpoena seeking Brendsel's testimony.
Read the full story at Washington Business Journal
 






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