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Mortgage News for Wednesday - March 31, 2004

More Mortgage News
• Many older Americans losing homes after struggling to pay taxes
• Fannie, Freddie Had Adequate Capital
• Westbrook Technologies' Solution Helps Mortgage Lender Boost Potential Revenue Earnings
• Finance: Do-It-Yourself Credit Counseling
• Midwest Hiring Slowdown Dims Job Hopes
• ANZ establishes mortgage franchises
• BofA to take over Fleet Thursday
• US Mortgage Applications Drop, Rates Rise
• Gatineau housing remains a bargain market
• States offer home financing for those in need
• For many in middle class, home isn't where the job is
• Construction rebuilds its economic respect
• HOUSING: First-time buyers to be frozen out?
• Consumers not concerned about poor job market
• Integrated Mortgage Announces Purchase of Building, Plans to Relocate Headquarters
• Allied Home Mortgage Capital Corporation Opens New Branch Office in Sayreville, NJ
• Missed Opportunity on Mortgage Reform
• Early Detection Of Mortgage Fraud
• Mortgage brokers may need annual accreditation
• Brown: Deciding on early mortgage pay-off can be tricky
• Long and short of mortgages
• Getting the most from your home
• First Franklin Releases Streamlined RapidRefi Program
• Countrywide Financial Corp. Intends to Be Number One
Mortgage News
Many older Americans losing homes after struggling to pay taxes - 2004-03-31
Joan Ivey worries about her growing tax bills. After borrowing money to keep her home from being auctioned last year, the 69-year-old worked out a payment plan on her unpaid taxes of more than $8,000.

When John Fink received notice in the mail about unpaid taxes on his Pittsburgh house, he contacted the Homeowner Preservation Project, a group that helps homeowners manage their debt and keep their homes. The group is trying to renegotiate Fink's mortgage to lower his interest rate.
Read the full story at TimesLeader.com
 
Fannie, Freddie Had Adequate Capital - 2004-03-31
The financial regulator of Fannie Mae and Freddie Mac indicated on Wednesday the two U.S. mortgage finance giants were sufficiently capitalized at the end of the fourth quarter of 2003.

The Office of Federal Housing Enterprise Oversight, or OFHEO, said the two companies held enough capital as of Dec. 31 to exceed both their risk-based and minimum capital requirements
Read the full story at Reuters Asia
 






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