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Mortgage News for Thursday - April 1, 2004

More Mortgage News
• Mortgage rates continue slow rise
• Feds to Mortgage Giant Fannie: Shut Up
• Nevada regulators target mortgage, insurance offenders
• State provides $2M for home buyers
• Mortgage Giant Freddie Mac Directors Re-Elected
• Hud Reform Proposal Stalls As Bureaucrats Regroup
• Mortgage giant Fannie Mae regulator identifies accounting concern
• U.K.'s Brown Question Time: Jobs, BOE, Mortgage Regulations
• Done deal: BofA, Fleet merger
• Housing developers descend on Brockton
• Closing-cost reform movement lives on
• Serial mortgage refinancers: Beware tax pitfalls on points
• Get Extra-Low Mortgage Rates
• Closing costs: highs, lows and averages
• Rate rise fails to stop the house price boom
• Free seminar to offer advice to renters on ways to buy a home
• Get Extra-Low Mortgage Rates
• Mortgage equity withdrawal at new record
• Homebuyers Surf Web For More Information
• Make your own mortgage closing-cost rules
• Statement by Richard F. Syron, Chairman & C.E.O. of Mortgage giant Freddie Mac
• Paramount Bank Appoints Bob Waun Private Mortgage Lending Vice-President
• Mortgage Companies Offer 'Energy-Efficient' Home Loans
• Homebuyers Enjoy Dip in Mortgage Interest Rates
Mortgage News
Nevada regulators target mortgage, insurance offenders - 2004-04-01
In its intensified enforcement program, the state has laid a $10,000 fine against a mortgage loan company for unlicensed activity and running misleading advertising.

Commissioner Scott Bice of the state Mortgage Lending Division said Wednesday he has also issued a cease and desist order against Complete Home Loans that has a Nevada license but is conducting its business from San Clemente, Calif.
Read the full story at Las Vegas Sun
 
State provides $2M for home buyers - 2004-04-01
The Romney administration has gave $2 million to 44 cities and towns and 13 regional groups in Massachusetts to assist low- and moderate-income families buy homes.

The money comes from the state's Soft Second Loan program. The program combines a conventional first mortgage with a subsidized "second" mortgage to reduce borrowing costs for homeowners.
Read the full story at Boston Business Journal
 






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