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Mortgage News for Sunday - January 18, 2004

More Mortgage News
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• 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
Mortgage servicer Ocwen's practices leaves bad aftertaste - 2004-01-18
Michelle Trott recieved a nasty surprise when she sold her home in Broward County last year to relocate to Jupiter.

Ocwen Financial Corp., the West Palm Beach company that collected Trott's monthly mortgage payments, demanded that she and her husband pay $600 in late fees for monthly payments the Trotts say weren't late.

Ocwen also charged her $200 just to tell her real estate agent how much she owed on her loan, Trott says.
Read the full story at Palm Beach Interactive
 
Home Starts Seen Close to Two-Decade High: U.S. Economy Preview - 2004-01-18
U.S. housing starts may have hovered close to a two-decade high in December, capping the best year for builders in a quarter century, economists in a survey indicated in a government report that is to be released Wednesday.

The National Association of Home Builders estimates 1.84 million homes were started in 2003, the most since 1978, reflecting mortgage rates that are near a 45-year low.
Read the full story at Bloomberg
 






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