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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
Done deal: BofA, Fleet merger - 2004-04-01
Bank of America Corp. today concluded its $49 billion merger with FleetBoston Financial Corp. The deal forms the second largest U.S. bank with nearly $1 trillion in assets.

Bank of America is based in Charlotte, N.C., and has 1,800 Western New York employees in the former 35 Fleet branch offices in Erie, Niagara and Orleans counties and other operations, and Bank of America's national mortgage servicing and call center in Amherst.
Read the full story at Buffalo Business Journal
 
Housing developers descend on Brockton - 2004-04-01
Housing complexes are popping up across the city as developers respond to a continued demand for affordable homes by constructing new subdivisions on city outskirts and condo buildings in the downtown area.

Skyrocketing rents and special mortgage programs for first-time and lower-income buyers have also made owning a home a more affordable and attractive option.
Read the full story at The Enterprise
 






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