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Mortgage News for Saturday - March 13, 2004

More Mortgage News
• Lenders prompted to offer all mortgage deals to all people
• Mortgage brokers need to be monitored
• Meeting in San Jose, Calif., Resolves to Narrow Latino Homeownership Gap
• Housing Median Touches $406,000 for San Diego County
• Reasons remain to refinance mortgage
• Secret brokers' commissions
• Mortgage rates approaches record low
• END OF THE SUPER LOW HOME LOANS?
• Firing at Mortgage Giants Freddie and Fannie
• Minorities less inclined to get best mortgage rates
• FIXED-RATE MORTGAGE DEALS BEST
• Habitat, others to construct two homes in 2004
• Modifications urged in mortgage selling
• Identity theft costs billions
• Home is where the tax breaks are
• Fannie Mae economist provides rosy outlook for 2004
• Dates set for mortgage foreclosure investigation meetings
• Banks act to protect mortgage borrowers
• Got a cheap mortgage? Credit cards?
• MBA Applauds Over 220 Members of Congress for Approaching HUD to Repropose RESPA Rule
• Group seeks moratorium on certain mortgages
• No Income Home Loans Cafeteria Style
Mortgage News
Meeting in San Jose, Calif., Resolves to Narrow Latino Homeownership Gap - 2004-03-13
More than 100 people in the real estate, mortgage and housing industries resolved at an a meeting Friday in San Jose to boost their efforts at educating Bay Area Latinos on the home-buying process.

Forty-four percent of California's Latino families own their homes, compared with 72 percent of white households, said Marcela Davison Aviles of the Latino Community Foundation, which co-sponsored the Latino Home Ownership Summit with First American Title.
Read the full story at Miami Herald
 
Housing Median Touches $406,000 for San Diego County - 2004-03-13
The median housing price in San Diego County broked another record last month at $406,000, as resale houses surged 23 percent from a year earlier.

He said the area is on tap to add 10,000 jobs this year, five times what it did last year. Factor in two other trends declining rather than the previously expected rise in mortgage interest rates and little in the way of increased housing construction and prices will keep going up, not settle back.
Read the full story at Miami Herald
 






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