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Mortgage News for Monday - February 9, 2004

More Mortgage News
• US mortgage-backed market closely monitors Treasury yields
• InterActiveCorp Gets Earnings Jump
• $6.4M mortgage loan that saved Kerry may also drain him
• Experts Say Careful Taxpayers Can Find Slew of Deductions in Their Homes
• Members Equity shows plans for industry funds merger
• Interest rates must rise, warns Reserve
• Getting rid of private mortgage insurance early on
• His credit -- Our house
• Home buyers, fire up your search engines
• How can I save when I'm almost broke?
• Demand for homes surges
• Convinced on homes
• BIA: 2003 new-home sales decrease 7 percent
• MBA Presents to SEC, Wants Member Involvement on Accounting for Interest Rate Lock Loan Commitments
• Cold weather blamed for less housing starts
• American Mortgage Express Shows New Headquarters
• Holmes appointed head of Ann Arbor Mortgage
• Simple planning aids buyers get excellent mortgage rates
• US Senate makes Fannie, Freddie hearing for Tuesday
• Some US Appraisers Feel Pressure To Boost Home Values
• House approves ban on predatory mortgage lending
• Mississippi View Holding Company Declares 1st Quarter Earnings
• Flight to euro mortgages can be journey fraught with danger
• CONGRESSMAN FORD, FREDDIE MAC INTRODUCE $25 MILLION EFFORT TO REVITALIZE MEMPHIS NEIGHBORHOODS, LIFT MINORITY HOMEOWNERSHIP
Mortgage News
US Senate makes Fannie, Freddie hearing for Tuesday - 2004-02-09
Government watchdogs will testify before a Senate panel regarding government-sponsored mortgage finance enterprises on Tuesday as lawmakers consider ways to improve oversight after financial scandals last year.

Representatives of the Securities and Exchange Commission and the General Accounting Office will speak to the Senate Banking Committee on regulation of the top two sources of U.S. housing finance, Fannie Mae and Freddie Mac.
Read the full story at Reuters via Forbes
 
Some US Appraisers Feel Pressure To Boost Home Values - 2004-02-09
In an attempt to keep their business thriving as the mortgage sector adjusts to the reality of lower refinancing and lower new purchase volumes, some mortgage lenders appear to be turning up the heat on home appraisers to overstate the values of properties they are appraising.

At least, that's what some appraisers are saying, according to a recent study from October Research Corporation, a provider of national news and information to the real estate services industry.
Read the full story at Dow Jones via Yahoo!
 






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