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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
Building boom goes on in December - 2004-02-05
The value of building permits handed out in Canada surged 12.8 per cent in December, setting the stage for a new full-year record and resulting in the highest total annual value on record as the country's building boom continued unabated.

The housing sector was boosted in 2003 by the positive impact of low mortgage rates on affordability, by the high level of employment and by strong consumer confidence,” Statscan said.
Read the full story at Globe and Mail
 
Washington Mutual to Close Columbus, Ohio, Service Center, 89 lose jobs - 2004-02-05
Washington Mutual plans to shut its Columbus loan-application service center less than a year after it opened.

The decision by the nation's No. 1 mortgage lender will put 89 people out of work, according to documents that the Seattle-based company filed with the Ohio Department of Job and Family Services.
Read the full story at Miami Herald
 






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