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Mortgage News for Monday - March 22, 2004

More Mortgage News
• Mortgage Giant Freddie a no-show on Fortune 500
• Closing Costs Remain Clear as HUD
• HUD pulls proposed rule over mortgage closing costs
• Take a bite out of mortgage closing costs
• U.S. mortgage bond prices unchanged to higher
• Bankruptcy boom eases in Indiana after record levels
• New home buyers paying more than $25,000 in fees
• Creative mortgages boost home sales
• Predatory mortgage lending: Who's watching your back?
• What's hot and what's not in housing
• Recognizing predatory mortgage lenders
• When done right, work-force housing benefits community
• On the move: Peterson is senior VP at HDR's capital office
• Endowment mortgage complaints 'cost £24m'
• Home office space an underused tax break
• New homeowners can get huge deductions on income taxes
• Greenspan Supports Homeowner Debt as Prices Increase
• Wal-Mart Tops Fortune 500 List Again
• Reverse Mortgage: A Last Resort?
• Phoenix Mortgage Defaults almost 1500 Per Month
• Mortgage Lending Pessimism Index at Five Year High
• Mortgage Lenders Ask Home Buyers To Waive Financial Privacy Rights
• April sentencing set in mortgage fraud cases
• SONYMA boosts home buying program
Mortgage News
Greenspan Supports Homeowner Debt as Prices Increase - 2004-03-22
U.S. homeowners have accumulated a record $6.82 trillion of mortgage debt as real estate values surged in the past decade, and have borrowed against their homes for spending money.

``We know that increases in home values and the borrowing against home equity likely helped cushion the effects of a declining stock market during 2001 and 2002,'' Greenspan said in a Feb. 23 speech in Washington.
Read the full story at Bloomberg.com
 
Wal-Mart Tops Fortune 500 List Again - 2004-03-22
A tail wind of better economic conditions pushed many major companies to record revenues in 2003, but none was able to knock Wal-Mart Stores Inc. off the top of the Fortune 500 list.

Conspicuously absent was mortgage giant Freddie Mac, No. 32 on the 2002 list. That's because its most recent financial statements were unavailable due to an accounting scandal.
Read the full story at Pioneer Press
 






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