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Mortgage News for Friday - February 18, 2005

More Mortgage News
• Mortgage Refinance: Mortgage prepayment penalties an unfair business
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• Pay Dirt: Don't bet the house on a whim
• U.S. Economy: Wholesale Prices Rise, Consumer Confidence Falls
• Economy growing at a `good pace': Greenspan upbeat in testimony
• Fed chief warns Congress on mortgage giants' holdings
• 30% do not know their mortgage rate
• Raytown Appraiser Pleads Guilty To Mortgage Fraud
• Few fall behind on home loans
• Hawaii mortgage rates at 5.25%
Mortgage News
Few fall behind on home loans - 2005-02-18
Fast home price appreciation in 2004 helped drive foreclosure activity in the Bay Area to the lowest level in almost 13 years, according a real estate research firm.

Notices of default, which are sent by mortgage lenders to county recorders, signal that a homeowner is several months late on his mortgage payments and mark the first step in the formal foreclosure process.
Read the full story at San Francisco Chronicle
 
Hawaii mortgage rates at 5.25% - 2005-02-18
Mortgage rates tightened this week at 5.25 percent as City Bank cut to that level and larger lenders raised to it after one week of quoting rates an eighth lower.

For 30-year notes, Bank of Hawaii, First Hawaiian Bank and most local lenders kept it at 5.25 percent. Hawaii National Bank was higher, 5.375 percent. Quoting a lower 5.125 percent rate were Countrywide, Finance Factors and Territorial Savings.
Read the full story at BizJournals
 






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