21.   However, the plan assumes that rates on new mortgages would drop because lenders would not have to pay taxes on their interest income.

22.   In addition, banks are offering new mortgage loans that can be used to buy equipment such as washing machines and stoves.

23.   Lenders charge higher interest rates and fees on new mortgages with no prepayment penalty because it is not clear when the mortgages will be repaid.

24.   Lenders sell mortgages to Freddie Mac, and use the proceeds to fund new mortgages.

25.   MGIC benefited from falling interest rates, which were expected to boost new mortgage lending.

26.   Number of refinancing as percentage of new mortgages.

27.   One way of looking at the populariry of mortgage derivatives is to look at their total volume as a percentage of new mortgage securities.

28.   Outspoken bears are nowhere to be found, but analysts say investor reticence about the companies mainly reflects fears of recession and the possibility of less new mortgage business.

29.   Rising rates have led some investors and traders to conclude that the supply of new mortgages, and mortgage-backed securities, will dwindle later this year.

30.   Schenck joins a host of new mortgage hires at Fleet.