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Mortgage News for Thursday - March 11, 2004

More Mortgage News
• Mortgage rates drop on job worries
• U.S. mortgage delinquencies lower, foreclosures up
• U.S. real estate rally seen sustainable in 2004
• Mortgage endowments black hole hits £40bn
• U.S. Home-Loan Requests Soar; 30-Year Mortgage Rates Drop to 5.34 Percent
• First home buyers feel fresh pain
• Home sweet home for $36,000 a year
• Can four share a mortgage?
• Home price rise hits affordability
• What slowdown? Home sales sizzles
• Mortgage limits upped
• Bosses in £40bn mortgage crisis
• Houses currently at right prices
• U,S. consumer spending supports retail real estate
• Fannie Mae hiked mortgage lending forecast again
• MBA Gives Burton C. Wood Legislative Service Award to Former MBA Chairman John Courson
• James Brannon Ogburn Promoted to Senior Vice President of Wholesale Lending
• Bush Initiative to Provide Homeownership for 40,000
• Mortgage Giant Fannie Mae, NAHB Launch Partnership to Expand 'Workforce Housing
• Fannie Economists See Fed Rate Increases Beginning This Fall
• Home mortgage lenders hit highs
• Housing market continues to be hot
Mortgage News
Fannie Mae hiked mortgage lending forecast again - 2004-03-11
Weeks after boosting its forecast for mortgage lending, U.S. housing agency Fannie Mae said on Thursday it has significantly raised its 2004 estimate again because rates in that time slumped to levels that will jack up refinancings, boosting the creation of new home loans.

The new outlook calls for loan applications processed by lenders to total $2.43 trillion, up from a previous forecast of $1.9 trillion, but still down from last year's boom year.
Read the full story at Reuters via Forbes
 
MBA Gives Burton C. Wood Legislative Service Award to Former MBA Chairman John Courson - 2004-03-11
The Mortgage Bankers Association (MBA) today handed out its annual Burton C. Wood Legislative Service Award to former 2003 MBA Chairman John Courson at its 2004 National Policy Conference on Capitol Hill.

Courson is currently president and chief executive officer of Central Pacific Mortgage Company in Folsom, California. He was the 2003 chairman of the Mortgage Bankers Association and remains on MBA's board of directors in 2004.
Read the full story at Mortgage Bankers Association
 






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