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Mortgage News for Sunday - January 25, 2004

More Mortgage News
• Getting a pre-approved mortgage
• The Metropolitan Mortgage mess: Northwest investors victims of risky strategy
• Mortgage debt blurs hopes of retirement
• Mortgage made to accomodate - but who?
• 10 do's and don'ts for acquiring an ideal mortgage
• 6 ways to cut mortgage costs
• We're going bankrupt, but can we keep the flat?
• Dennis leaders worry about affordable rentals
• Tell us if you are deep in debt
• Local experts expect interest rates to increase slightly in '04
• Home buyers scheduled at the library
• Holiday bills bring blahs and mortgage application complications
• Housing Boom Healthy
• Tax Benefits await homeowners
• L&G 'knew they were mis-selling' nortgage endowments
• More advice on how buyers can avoid paying PMI
• Grant Program Provides Home Buyers Down Payment Money
• Japan's big 4 banks increase new mortgages by 27 pct in April-Dec
• Prepaying mortgage usually smart move
• Murrieta rents highest in area
Mortgage News
L&G 'knew they were mis-selling' nortgage endowments - 2004-01-25
Executives at Legal & General were aware they were mis-selling mortgage endowments during the late Nineties, Financial Mail can reveal.

E-mails sent between senior directors and passed on by an L&G whistleblower show that in 1998, Mike Bolton, the insurance giant's UK actuary at the time, believed endowments no longer had a role to play in the mortgage market.
Read the full story at Evening Standard
 
More advice on how buyers can avoid paying PMI - 2004-01-25
Wow, there sure are a lot of haters of PMI out there! Good!

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.
Read the full story at Sun Herald
 






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