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Mortgage News for Sunday - January 11, 2004

More Mortgage News
• Owner must get a clear title after paying off mortgage
• New year's the time to initiate smart moves with debts, savings
• Looking for a mortgage? Don't push too hard or you'll be blacklisted
• Banks offer buyers fixed-rate mortgages
• Many Parents Purchase Houses for Children in College
• Founder of Irvine, Calif.-Based Lender Blames Self for Company's Demise
• IFC might purchase bad loans of local comm’l banks
• Toledo, Ohio, Area Sees Strong Home, Commercial Lending Activity
• Maryland Housing Price Increases Expected to Cool in 2004
• Lucas County, Ohio, Continues to See Jump of Mortgages
• Staying on top of your financial affairs can help you manage life's ups and downs
• MBSB sees immediate demand of RM50 million in reverse mortgage loans
• IFC cautions on foreclosure
• Savings take a beating
• Ten tips to get cash for your first home
• Money advice for thirtysomethings
• Mortgage Veteran Joins Pequot
• Financial Mistakes Can Be Remedied
• Mortgage firm ranks well with Fortune mag
• Your financial well being: A 12-step program
Mortgage News
Staying on top of your financial affairs can help you manage life's ups and downs - 2004-01-11
Karel Anne Tieszen knows all too well that life takes unexpected twists and turns. Within a two-year span during the late 1990s, Tieszen's parents died, leaving her a significant sum of money.

"It was scary," says Tieszen, a 42-year-old Dallas mother of two. The flurry of events prompted Tieszen to adjust her financial affairs, from upping her life insurance and shaving her mortgage payment to nailing down her college-savings and estate plans.
Read the full story at US News
 
MBSB sees immediate demand of RM50 million in reverse mortgage loans - 2004-01-11
Malaysia Building Society Bhd (MBSB) expects an immediate demand of at least RM50 million from its Reverse Mortgage loan in the first year of lending, a product specifically created for the home owning senior citizens aged 65 years and above.

The facility which was introduced Sunday, would enable senior citizens home owners to augment their income with MBSB's reverse mortgage without having to liquidate other portfolios.
Read the full story at Utusan Online
 






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