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Mortgage News for Wednesday - March 3, 2004

More Mortgage News
• House price slowdown tied to mortgage rate rises
• U.S. services boomed in February but jobs scarce
• Banks not exempt from LA, Arkansas loan laws - S&P
• US mortgage refinancing requests touch 7-month high
• Western United, Mortgage Met's biggest unit, under state control
• Mortgage Giant Freddie Mac chief lobbyist planning to leave-WSJ
• Onwards and upwards for house prices
• Higher interest rates fail to keep down house prices
• Bank of America Plans to Use American-Indian Mortgage Programs
• Fed's Beige Book sees tepid jobs growth
• New Mortgage Misery Manifests at U.K. Insurer Legal & General
• More than $100 million reportedly lost in mortgage investment scheme
• Atlanta-Based HomeBanc Mortgage Plans to Go Public
• IL&P planning more cost cuts, mortgage lending strong
• Mortgage Brokers finding a new niche in commercial loans
• Sydney house prices drops 2pc from Dec levels
• Wamu And Mortgage Giant Fannie Mae Boost Homeownership
• Is Adjustable Rate Mortgage a better loan deal?
• House Prices Higher
• Jury to decide fate of business people in mortgage racketeering trial
• ChoicePoint(R) Unveils System to Detect Mortgage Fraud
• Poll finds that 82 per cent of Canadians believe mortgage rates are as low as they will go
Mortgage News
ChoicePoint(R) Unveils System to Detect Mortgage Fraud - 2004-03-03
Mortgage Asset Research Institute, Inc., a company of ChoicePoint, has unveiled a new early alert system to help the mortgage industry detect and respond to incidents of fraud.

The Mortgage Fraud Alert System(SM) (MFAS) is a cooperative service that notifies participating companies about emerging patterns of alleged fraud in its early stages.
Read the full story at PR Newswire
 
Poll finds that 82 per cent of Canadians believe mortgage rates are as low as they will go - 2004-03-03
A huge number of Canadian homeowners and prospective homebuyers (82%) believe mortgage rates are as low as they will go, according to a recent CIBC telephone poll done by Decima Research.

One year from now, most Canadian homeowners and prospective homebuyers believe that mortgage rates will remain the same (48%) or be higher (34%). Only 7% of Canadian homeowners and prospective homebuyers think mortgage rates will be lower a year from now.
Read the full story at Canada NewsWire
 






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