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Mortgage News for Tuesday - January 10, 2006

More Mortgage News
• Buying a second home using a cash out refinance mortgage
• For mortgage borrowers, the yield curve matters
• Mortgage Watchers Worry About China
• Most Mass. home buyers using out-of-state mortgage lenders
• Snow: China move won't hurt U.S. economy
• 2006 will bring cooling sales in real estate
Mortgage News
Mortgage Watchers Worry About China - 2006-01-10
China's latest signal that it might diversify its foreign investments in 2006 has mortgage industry watchers concerned. If China purchases less U.S. Treasury securities this year, it could drive up interest rates and cool down the real estate market. Like Japan, China is a big buyer of U.S. Treasuries and other U.S. debt such as securities issued by housing agencies Freddie Mac and Fannie Mae.
Read the full story at MSN Money
 
Most Mass. home buyers using out-of-state mortgage lenders - 2006-01-10
During the last two decades, out-of-state companies have become the main source of mortgage loans for Massachusetts home buyers. These mortgage companies introduced a slew of exotic and usually risky mortgage loans. This group made up 78 percent of 2004 home loans in Boston. That is a reverse from 1990, when Massachusetts banks held 78 percent of the market.
Read the full story at Boston Globe
 






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