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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
Impac Mortgage Holdings "buy," target price upped - 2004-03-09
Analyst Stephen A Laws of WR Hambrecht maintained his "buy" rating on Impac Mortgage Holdings (IMH). The 12-month target price has been upped from $23.50 to $24.50.

Shares of Impac Mortgage Holdings, a leading finance services company providing acquisition, securitization and mortgages, are currently trading at $22.43.
Read the full story at New Ratings
 
National Home Equity Mortgage Association Calls ACORN Study on Mortgage Lending Abuses 'Disappointing' - 2004-03-09
The National Home Equity Mortgage Association regrets that the most recent report by the Association of Community Organizations for Reform Now fails to work on legitimate concerns about abusive lending practices and instead attacks the non-prime mortgage lending industry as a whole

"Non-prime mortgage lenders have been working for years to end the vestiges of redlining and give every American an opportunity to get a mortgage," said NHEMA President Mitch Feinstein.
Read the full story at PR Newswire via Yahoo!
 






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