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Mortgage News for Thursday - February 5, 2004

More Mortgage News
• Lenders begin passing on base rate hikes
• Chicago FHLB 2003 income up 55 pct vs year ago
• U.S. mortgage bond spreads, prices lower
• What does the rate rise mean for your mortgage?
• BoE hiked interest rates by 25 bps to 4.0 pct
• Soaring house prices to bump up loan rates
• Wednesday evening East Bay Biz Buzz: 1-in-6 odds seen for house-price drop
• Spokane conglomerate Metropolitan Mortgage files for bankruptcy
• Mortgage Activity Decrease
• Cautious banks hinder flat purchasers
• Building boom goes on in December
• Washington Mutual to Close Columbus, Ohio, Service Center, 89 lose jobs
• Two Apartment Developments Set for Fayetteville, N.C., Area
• Douglas County, Kan., Home Sales Establish Record in 2003
• Home buyers, start your search engines
• Mortgage closure costly to Cowlitz Bank
• Mortgage Giant Fannie Mae terminates some loan support
• Portland No. 2 on 'risk index' for home prices
• RATE RISE AFFECTS MORTGAGES
• Fannie Mae provides investors mortgage details
• MBA Supports Introduction of FHA Zero-Down-Payment Legislation
• Wells Fargo Plans to Hire 400 Bankers, Financial and Home Mortgage Consultants
• How to look for a break with a broker
• MORTGAGE RATE RISE WILL COST FIRST TIME BUYERS £250 MORE A MONTH
• Canadian Demand for Homes Is Holding Up
• MBA and Federal Home Loan Bank Officials Convene at the CREF/Multifamily Housing Convention & Expo
Mortgage News
Canadian Demand for Homes Is Holding Up - 2004-02-05
Canadian demand for homes continues to be near a record, showing consumers are spending the way Bank of Canada Governor David Dodge wants them to and powering the world's eighth-largest economy while exports falter.

Contractors took out permits for home construction worth a record C$2.95 billion ($2.2 billion) in December, Statistics Canada said today. Ottawa-based Canada Mortgage & Housing Corp., the government's housing agency, predicted builders will put up 203,900 residences this year.
Read the full story at Bloomberg
 
MBA and Federal Home Loan Bank Officials Convene at the CREF/Multifamily Housing Convention & Expo - 2004-02-05
MBA officers welcomed the chance to meet yesterday with senior officials from the Federal Home Loan Banks (FHLBanks), the Office of Finance and the Council of Federal Home Loan Banks to create strategies for our organizations to work together to further enhance the mortgage finance marketplace.

The FHLBanks play an important role in the secondary market, particularly through their mortgage acquisition programs.
Read the full story at Mortgage Bankers Association
 






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