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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
Low-rate mortgage loans for highest paid staff needs to be evaluated - 2004-02-06
Looks like a new bank may open in town, and it's located right in City Hall. Its focus will be on home mortgage loans to lure city department heads when vacancies arise.

Only days after bemoaning what may lie in wait for the city's budget after the state gets finished picking at it, the city manager and City Council decided at Tuesday's council meeting that it's time to draw up a policy to finance newly hired city chiefs.
Read the full story at Contra Costa Times
 
Homes away from home country - 2004-02-06
The thought of getting a mortgage in the UK is enough to fill most people with despair, so you could be forgiven for thinking twice about buying a property overseas.

Fortunately, finding finance on a foreign home is not as difficult as you might think - and you won't necessarily have to learn the French for "loan to value".
Read the full story at Guardian Unlimited
 






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