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Mortgage News for Friday - February 6, 2004

More Mortgage News
• Fannie Mae CEO defends mortgage giant's role
• US mortgage-backeds stronger after Jan jobs data
• Mortgage rates edge higher
• City working on drafting employee mortgage loan policy
• Low-rate mortgage loans for highest paid staff needs to be evaluated
• Homes away from home country
• Mortgage Giants Fannie, Freddie to Lose Free Advances From Fed
• Metropolitan Mortgage bankruptcy filing angries investors
• Housing market continues trend of higher prices, strong growth
• Area mortgage rates down a bit
• A Profile of a Neighborhood Is Now Just a Click Away
• Onwards and upwards with mortgage rates
• Landlords Fire Back
• Housing Affordability Dips to 23 Percent in Los Angeles County, Calif.
• Seattle-Area Housing Market Continues Trend of Higher Prices, Strong Growth
• Consumers hit by bank"s interest rate decision
• Sector still safe as houses
• Experts expect another rate hike by spring
• US mortgage bond prepayments at a two-year lows
• Mortgage banking educator adds to offerings
• Palomar Enterprises, Inc. Starts Real Estate Acquisitions
• Conference Call On Freddie Mac’s Updated Economic Forecast and Review 2003 Cash Out Refinance
• S.D. housing as affordable as 'wine country'
• 83% of Americans with Medical Debt Say It Is Burdensome Enough to Stop them from Major Purchases
Mortgage News
US mortgage bond prepayments at a two-year lows - 2004-02-06
U.S. mortgage bond prepayments dropped to two-year lows in January as higher mortgage rates
late last year removed the incentive for many homeowners to refinance, according to data disseminated in the market on Friday.

But that ebb in prepayments is not expected to continue in coming months, with U.S. interest rates having declined in recent weeks.
Read the full story at Reuters via Forbes
 
Mortgage banking educator adds to offerings - 2004-02-06
The Academy, which specializes in education for mortgage bankers, brokers and real estate professionals, is adding more to its course offerings at Stetson University.

Now, courses will be offered at the university's School of Business Administration in DeLand, as well as the Stetson University Campus at Celebration.
Read the full story at Orlando Business Journal
 






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