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Mortgage News for Thursday - January 15, 2004

More Mortgage News
• U.S. Mortgage Rates Decreased to 5.66 Percent
• Mortgage Player National City to restate past results
• Washington Mutual to shut East Bay loan-processing center
• Property Valuations Sees Big Increase
• Mortgage Player Countrywide becomes primary dealer with Fed
• Former Owner of Norfolk, Va., Hotel Recieves Jail Sentence for Mortgage Scam
• Council Agrees On Consensus for Affordable Housing Resolution
• Improve credit score before applying for a mortgage
• TCF Financial: interest rates negatively affect lending revenue
• Ohio Agency Investigates Actions of Defunct Westerville Mortgage Firm
• Prices of Manhattan Apartments Expected to Climb Upward This Year
• Why Housing Should Stay Robust
• Can we afford buy-to-rent?
• County housing sizzled in '03
• Lowest inflation in four years
• What's our best mortgage alternative?
• Should you go for a piggyback mortgage?
• Reasons for mortgage refinancing
• Tips to get out of debt
• More advice on avoiding mortgage-insurance fees
• San Diego Median $405,000 Highest Ever
• HomeBanc does $5.9 billion in mortgage loans in 2003
• US consumer debt hits record levels
• New home construction explodes
• Florida Civil Suit Can Go Ahead in Mortgage Fraud Case Despite Criminal Probe ( )
• Mortgage insurance player will take a $96M charge
• Anworth Mortgage Asset Corporation Posts Earnings of $0.36 Per Share for the Fourth Quarter of 2003
• Availent to Buy First Texas Residential Mortgage
Mortgage News
Tips to get out of debt - 2004-01-15
Suffering from a debt hangover now that you're have recieved your holiday bills? If so, live up to that New Year's resolution to get control of your finances before your credit-card habit spirals out of control.

Americans' consumer debt just passed $2 trillion for the first time ever, according to new figures from the Federal Reserve, and that is on top of $7 trillion worth of mortgage loans.
Read the full story at Fort Pierce Tribune
 
More advice on avoiding mortgage-insurance fees - 2004-01-15
Oh boy, there sure are a lot of PMI haters out there! Great!

My recent column on how to get rid of PMI payments drew a string of letters with tips on how to avoid these onerous mortgage fees in the first place, using something called an 80-10-10 mortgage.

A typical PMI payment comes to $40 a month for every $100,000 borrowed.
Read the full story at Philadelphia Inquirer
 






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