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Mortgage News for Sunday - February 27, 2005

More Mortgage News
• Mortgage brokers feeling the pinch
• Mortgage company owner to open bank
• Lender markups on mortgage fees can vary widely
• Mortgage applications decline as home buys hit 6-week low
• Second homes become reality
• Asian investors swelling in U.S.
• Rising Employment Boosts Growth Prospects: U.S. Economy Preview
• Guess what's top sector of area economy
Mortgage News
Second homes become reality - 2005-02-27
The Canada Mortgage and Housing Corporation has created a new product for people whose dream of home ownership has turned into the reality of owning two homes, either out of want or need, according to Darrell Majdell, regional manager, business development, marketing and communications for CMHC.
Read the full story at Calgary Sun
 
Asian investors swelling in U.S. - 2005-02-27
Every other night or so, the calls start coming in from Asia to the homes of Peter Leonard and several traders he supervises at Nomura Securities in New York, jolting them awake sometimes as often as five times a night.

The calls originate from places such as Tokyo, Shanghai and Singapore, where investors want to buy U.S. mortgage-backed securities, which are essentially giant packages of mortgages on thousands of American homes.
Read the full story at Charlotte Observer
 






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