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Mortgage News for Monday - March 15, 2004

More Mortgage News
• OFFICIAL-UPDATE 2-U.S. 2004 new mortgage supply
• Bush Touting Home Ownership in Pa.
• Mortgage Giant Fannie Mae's investment portfolio shrinks in Feb.
• A Call to Adjustable Rate Mortgages
• Surging house prices fail to deter first-time buyers
• Iowa-Based Custom Molding Firm Enters High-End Home Market
• Is the Mortgage Rate the Only Key Factor in Selecting a Mortgage Solution ?
• Financing construction of a new home
• Forum for first-time home buyers
• Loan blow for first-time buyers
• Clinics offer mortgage foreclosure victims aid and advice
• Bank repossessed and sold wrong flat
• Nonprofit housing group assists area homeowners
• Big brokers filling niche carrying loans such as mortgages
• CampusMBA Graduates First Class of Certified Mortgage Technologists
• MBA Revises '04 Mortgage Origination Forecast
• US mortgage bond spreads mixed before Fed talks
• Greenspan: adjustable mortgages can save money
• Leaders unveil plan to curb predatory mortgage lending
• Plymouth Exchange Adopts Mortgage Builder's Wholesale Broker Web Site
• Rapid Reporting Helps Protect The Mortgage Network Against Fraud Menace
• 3t Systems Upgrades Mortgage Cadence to Enhance Mortgage Lenders' Workflow and Core Business Capabilities
• Pink highlights strength of mortgage club
• Preferred Financial Group Growth Propels Millbrae-Based Mortgage Firm into Opening New Offices
Mortgage News
Mortgage Giant Fannie Mae's investment portfolio shrinks in Feb. - 2004-03-15
Fannie Mae, the No. 1 U.S. mortgage finance company, revealed on Monday the size of its mortgage investment portfolio dropped 6 percent in February, shrinking for a fifth straight month.

The company's investment or retained portfolio, which fell 14.6 percent in January, totaled $882.1 billion at the end of February.
Read the full story at Reuters
 
A Call to Adjustable Rate Mortgages - 2004-03-15
It's never effortless to understand exactly what Alan Greenspan means when he makes his periodic Delphic statements about the financial system. But the Federal Reserve chairman established a new whazzat? standard recently when he suggested that the millions of homeowners who proudly hold a fixed-rate mortgage — roughly 80% of all those with a mortgage — are committing a financial blun-der that may cost them thousands of dollars a year.
Read the full story at Time
 






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