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Mortgage News for Thursday - March 18, 2004

More Mortgage News
• 30-year mortgages approach 2003 rates
• Orderly fall forecasted in Australian house prices
• U.S. mortgage market mixed as prepay worries percolates
• IRS looks at home-office deductions
• Family faces charges in mortgage fraud scheme
• Stormy forecast for home market
• Creative mortgages help increase in home sales
• Deciding who gets house after divorce can be difficult
• Mortgage Loans Arrive In Korea
• Housing figures point to another strong year
• Median Price for Southern California Home Hits Record $351,000 in February
• Australia's CBA Looks To Fill Mortgage Gaps
• Commissioner Executes Cease, Desist Against Mortgage Company
• Home buyers get new local mortgage options through VHDA
• Mortgage Giant Fannie Mae "overweight"
• Mortgage company seeks to hire turnaround specialist
• Mortgage forgery charges pending against developer
• Housing hopes
• ABFS provides Web site for mortgage brokers
• Idaho 2003 construction activity makes record
• Group: Predatory lending law harmful
• Rate Trend Indes: Mortgages
• Consumer debt loads at record
• Home costs and sales surge
Mortgage News
Median Price for Southern California Home Hits Record $351,000 in February - 2004-03-18
The median price of a Southern California home surged an annual 20.2 percent to a record $351,000 in February as sales also set a mark for that month, an industry tracker said Wednesday.

Continued strong demand and low mortgage rates combined to drive 23,004 sales across the six-county region, from Ventura to San Diego, said La Jolla-based DataQuick Information Systems.
Read the full story at Miami Herald
 
Australia's CBA Looks To Fill Mortgage Gaps - 2004-03-18
As demand for home loans drops with rising interest rates, Commonwealth Bank of Australia hopes to fill part of the gap by encouraging parents to support their children in getting a mortgage.

Hugh Harley, CBA's chief of retail banking, told Dow Jones Newswires Wednesday that the company's research indicates that careers, money and luxury goods are no longer the benchmark of success for parents, who instead want to ensure their children's financial security.
Read the full story at Yahoo News
 






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