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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
Good ways to get out of debt and cure the holiday hangover - 2004-01-18
Suffering from a debt hangover now that you have gotten the holiday bills? If so, live up to that New Year's resolution to get control on 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 Star-Banner
 
Private mortgage insurance eats into budget - 2004-01-18
Let's see. I'm supposed to consume eight glasses of water a day, lower carbs and exercise.

PMI is not a form of bad cholesterol, it's a bad type of mortgage expense — private mortgage insurance.

If you made a down payment of less than 20 percent of your home's price when you got your mortgage, you're probably paying PMI.
Read the full story at Erie Times-News
 






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