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Mortgage News for Tuesday - March 16, 2004

More Mortgage News
• Decline in housing starts goes on
• Smacking Mortgage Giant Fannie Mae
• Home sales in Houston surge ahead
• U.S. job market might improve in 2nd qtr
• Study Shows Female-Headed Households Behind Nation in Savings Rates
• Forecasts See More Sales Records Ahead for Housing Markets
• Home Buyer Fair Is Made for First-Time Buyers
• Fed maintains key rate at 46-year low of 1%
• More pain for first-timers home buyers
• As winter recedes, it's house-hunting season
• Mortgage Giant Fannie Mae posts $6.9B derivative loss
• Ways to get over the down-payment hurdle
• Sleepy Hollow Bank sells mortgage unit
• Met Mortgage meets with creditors
• State sues appraiser over alleged mortgage scam
• Transnational Financial Network Declares Third Quarter Results
• Fannie's Raines Answers Back To Mortgage Critics On Firm's Web Site
• Banks prepare for rising interest rates
• Arizona Bank & Trust to Start Residential Mortgage Loan Department
• Supervisors continue ahead with mortgage tax plan
• R.I. Housing Increases Limits For Low-Income Homebuyers
• More thoughts on investing in Dubai property
Mortgage News
Study Shows Female-Headed Households Behind Nation in Savings Rates - 2004-03-16
Rebecca Gregg socks away $75 into her savings account each payday.

Divorced for six years, the single mother of twins has worked hard to finish college, get a good job and take care of her 6-year-old boys.

Now a senior account executive with Beneficial Mortgage Co., Ms. Gregg recently bought a new car and home. With few other debts to her name, she is even planning to get her masters degree in business administration.
Read the full story at Miami Herald
 
Forecasts See More Sales Records Ahead for Housing Markets - 2004-03-16
The housing market, which many had forecasted to cool down in 2004, is set to break more records as the economy improves.

The mortgage market has picked up steam in recent weeks as rates reached below 5.5 percent for 30-year home loans.

The Mortgage Bankers Association on Monday increased its forecast for loan originations in 2004 from $2 trillion to $2.5 trillion.
Read the full story at Miami Herald
 






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