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Mortgage News for Monday - March 29, 2004

More Mortgage News
• Mortgage borrowing soars to £9bn in February
• ResMAE Opens Two New Mortgage Processing Centers in Illinois and California to Support Continuing Growth
• Pulte Homes Top-Ranked Homebuilder in BusinessWeek's List of 50 Best Performers
• Mortgage research firm will move to Jacksonville
• Some Homebuyers Giving Up Due to High Prices and Robust Bidding
• Housing inventory almost empty
• Mortgage Rates Hover Near Historic Lows
• No ceiling on Manhattan condo, coop prices
• Assembly GOP unveils housing rehab plan
• Mortgage Player Wholesale Lending Online Reports Fourth Quarter Earnings
• Fannie, Freddie uneasy about Senate overhaul bill
• Mortgage-Education.com to provide online education services to BilingualUniversity.com
• Bush Campaign Says Tax Relief Is the Key
• This Old Money Gusher
• WPFG adds mortgage partner
• Mortgage growth fuels talk of rate rise
• THDA unveiling new low interest mortgage requirements
• Lenders Offering Alternative Mortgage Options
• Three Southern Californians arrested in alleged $30 million mortgage fraud
• WPFG adds mortgage partner
• Del Mar Database Adds Industry Veterans to Enhance Product Offering; Executive-Level Additions Add More Than 45 Years of Mortgage
• A Budding Recovery for Multifamily
• Used-Home Prices Higher
• Homeownership Rates Still on the Increase
• Housing Activity
• Bubble trouble?
Mortgage News
THDA unveiling new low interest mortgage requirements - 2004-03-29
Beginning April 1, the Tennessee Housing Development Agency's low interest mortgage revenue bond (MRB) program will contain new income and acquisition limits.

The new acquisition limits are a result of the Internal Revenue Service releasing revisions to the methodology for determining safe harbor limits for the MRB program.
Read the full story at Nashville Business Journal
 
Lenders Offering Alternative Mortgage Options - 2004-03-29
Home mortgage rates are still hanging near historic lows, and home prices are climbing. Now, lenders are coming up with innovative ways to assist homeowners stretch their dollar.

Joseph Otero and Kristy Faulkner are first-time homebuyers. Larry and Karen Sajovic are reinvesting in real estate after selling a home in Oregon. Both couples say they were lured into the market by near record-low interest rates.
Read the full story at The KCRA Channel
 






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