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Mortgage News for Sunday - January 18, 2004

More Mortgage News
• Going over the financial cliff
• Area families closer to attaining new houses with SuperBUILD
• Las Vegas Builders' Show Will Take No Chance
• Improving Credit Rating
• Housing, consumer debt and the next financial meltdown
• How can I liberate my wife from liability?
• Reverse Mortgage: Banking on the house
• Spending probably to be stronger
• Bellwether Wachovia expects healthy growth
• Former Mortgage Broker Finding Success On The Internet
• Mortgage servicer Ocwen's practices leaves bad aftertaste
• Home Starts Seen Close to Two-Decade High: U.S. Economy Preview
• Good ways to get out of debt and cure the holiday hangover
• Private mortgage insurance eats into budget
• House sold twice
• Sales tax affects more the poor than the rich, studies find
• Avoid getting lynched in the inheritance tax man's noose
• Stressed by economy, consumed by debt
Mortgage News
Bellwether Wachovia expects healthy growth - 2004-01-18
No bank is as closely linked to the Triangle economy as Wachovia. One-quarter of all deposits left with local banks is held by Wachovia.

The Charlotte bank has 55 Triangle branches, 160 automated teller machines and a mortgage-processing center in Raleigh with 1,100 employees. Sixty-five percent of companies with sales over $25 million do business with Wachovia in this market.
Read the full story at newsobserver.com
 
Former Mortgage Broker Finding Success On The Internet - 2004-01-18
Lynne Builta left her job as a mortgage broker to find Mommyshop.com in 2000.

At a time when a lot of dot-coms were going out of business, Builta, then a single mother, put $100,000 of her savings into the Austin-based Internet retailer and struggled to make it succeed.

“I knew it was a good idea,” Builta said. “I knew it would work.”
Read the full story at TheDay.com
 






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