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Mortgage News for Wednesday - March 10, 2004

More Mortgage News
• ARM an alternative to fixed-rate mortgage
• U.S. mortgage refinancings climb
• January's snow blamed for decrease in home sales
• Consumers take chance with adjustable-rate mortgages
• Mortgage Endowment providers are target for MPs' ire
• Federal Home Loan Banks look for higher returns-study
• Low Rates Provide Boost to Mortgage Player
• Ex-deputy PM vows “normal” mortgage
• Mortgage lending rise boosts Widows Bank profits
• Study downplays housing shortage
• Get a Mortgage Before a Home
• Mortgage rates go back to last summer's lows
• Buy-to-let hits first-time buyers
• Co-op Bank gets assistance from its mortgages
• Racial disparity in mortgage lending
• Mortgage Interest Rates Drop Again to 45-Year Lows, Surprising Forecasters
• Mortgage Giant Fannie Mae, Financial Times clash over derivatives
• Free Opportunity in Mortgage Acceleration Industry
• Mortgage Industry Veterans Unveil Pipeline Risk Management Company
• Four brokers penalized by mortgage commissioner
• February home sales climb 21% over 2003
• Two-thirds of Canadians believe they will own their dream home
Mortgage News
Low Rates Provide Boost to Mortgage Player - 2004-03-10
Meanwhile the dip in bond yields is a continued blessing to the homebuilders and mortgage lenders. Impac IMH surged 4% to a new all-time high after reporting that the steep yield curve led to better-than- anticipated first-quarter growth in adjustable-rate mortgage loans.

What’s the difference between Pimco`s Bill Gross and almost any other bond fund manager? Whether you call it brains or just a certain artfulness and attunement to the message of the market, people like Mr. Gross produce superior results year after year.
Read the full story at Zacks.com
 
Ex-deputy PM vows “normal” mortgage - 2004-03-10
Citizens will get a normal system of mortgage lending” before the end of this year, declared Vladimir Yakovlev, the newly-appointed presidential envoy to the Southern Federal District of Russia and the former Deputy Prime Minister.

According to Mr. Yakovlev, the State Duma plans to discuss bills aimed at improving the mortgage lending system before the end of the spring session.
Read the full story at RBC
 






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