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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
CalHFA Provides Triple Boost to Affordable Housing Market - 2004-03-09
The California Housing Finance Agency revealed today three new revisions that will bring its first-time homeownership program to a whole new level.

A record increase in income limits, newly revised sales price limits and a mortgage interest rate reduction, all add up to a multitude of affordable housing opportunities for California's first-time buyers.
Read the full story at Business Wire via Yahoo!
 
Newtown Savings acquires mortgage corporation - 2004-03-09
Newtown Savings Bank declared Monday it has bought Sirianni Mortgage Corp. of Danbury.
The move bolsters the bank’s already strong position in the western Connecticut home mortgage market.

"We bought them to expand our business. We are a very strong mortgage lender,” he said. Newtown Savings Bank has more than $650 million in assets and last year issued more than 2,000 mortgage loans, totaling $371 million.
Read the full story at News-Times
 






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