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Mortgage News for Tuesday - March 9, 2004

More Mortgage News
• U.S. mortgage rates could fall below 5.5 pct-Freddie
• Mortgage affordability begins to decrease
• US lawmaker sees Fannie, Freddie bill as probable
• Mortgage loans, ethnicity studied
• UK housing market remains healthy
• Low Interest Rates, Programs Help Belleville, Ill.-Area Renters Buy Homes
• Experts Warn Increasing Use of Home Equity to Pay Bills Carries Consequences
• Goodmortgage.com Becomes Member of LendingTree
• Anger at £30bn mortgage scandal
• CampusMBA Partners With Encomia to Provide eMortgage Training
• CalHFA Provides Triple Boost to Affordable Housing Market
• Newtown Savings acquires mortgage corporation
• Mortgage is the key to home buying, Real Estate Hints
• Unequal Access to Home Mortgages Continues in Rapidly Changing Marketplace
• Impac Mortgage Holdings "buy," target price upped
• National Home Equity Mortgage Association Calls ACORN Study on Mortgage Lending Abuses 'Disappointing'
• Australian Home Loans in January Probably Dropped 4%: BN Survey
• Vt. homes maintain affordability, study indicate
• United Financial Mortgage Corp. Posts Third Quarter Results
• Guardian Mortgage Documents' HELOC Document Production and Delivery Picked by SunTrust Mortgage
Mortgage News
United Financial Mortgage Corp. Posts Third Quarter Results - 2004-03-09
United Financial Mortgage Corp. today posted results for its third quarter and nine months ended January 31, 2004.

Third Quarter Results
Revenues for the quarter ended January 31, 2004 dropped $3.2 million to $12.7 million from $15.9 million for the quarter ended January 31, 2003. Net
income was $638 thousand, or $.12 per diluted share, for the most recent quarter.
Read the full story at PR Newswire
 
Guardian Mortgage Documents' HELOC Document Production and Delivery Picked by SunTrust Mortgage - 2004-03-09
SunTrust Mortgage, Inc., one of the nation's biggest mortgage banking organizations, has picked Guardian Mortgage Documents' (GMD) web-based Next Generation Input System (NGIS)(TM) to manage the complex documentation requirements of HELOCs.

NGIS enables SunTrust Mortgage's branch operations to quickly generate HELOC documents with minimal data entry. Within seconds of their initial request, the internal closing staff receives documents that are in complete accordance with both SunTrust's and state-specific guidelines.
Read the full story at Business Wire
 






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