RATE RISE AFFECTS MORTGAGES - 2004-02-05
Homeowners are already feeling the affects of the Bank of England's decision to hike the interest rate from 3.75% to 4%.

Most building societies, including Nationwide, Abbey, Barclays, the Woolwich and First Direct, have increased their rates by 0.25%.

Other lenders are also reviewing their mortgage rates.
Read the full story at Sky News

Fannie Mae provides investors mortgage details - 2004-02-05
The No. 1 source of U.S. mortgage finance, Fannie Mae, on Thursday provided investors access to more details about the mortgages it packages as securities.

Some members of Congress want to repeal the government- sponsored mortgage finance companies' exemptions from having to make public details about mortgages in the securities they guarantee, saying they should follow the same disclosure rules as other major financial institutions.
Read the full story at Reuters via Forbes