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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
Mortgage forgery charges pending against developer - 2004-03-18
Formal charges of second-degree forgery will be launched soon against a Benton developer, Saline County Prosecuting Attorney Robert Herzfeld said late Monday.

According to allegations contained in an affidavit attached to the arrest warrant, Robertson forged computerized signatures and altered appraisals to obtain mortgages on houses that did not exist.
Read the full story at Benton Courier
 
Housing hopes - 2004-03-18
The London residential property market has wronged the bears, recovering significantly from price contraction in 2003.

The rental market experienced a torrid period in 2002 and most of 2003. Gross rental yields are 4 to 5 per cent and net yields after management fees and estimated 'voids' - periods in which the properties are unlet - have fallen to only 2 to 3 per cent, according to Savills. This compares to bank rates of 4 per cent and mortgage deals of around 5 per cent.
Read the full story at Shipping Times
 






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