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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
Grant Program Provides Home Buyers Down Payment Money - 2004-01-25
Higher costs continue to make home ownership out of reach for many due to down payment requirements, but now there is help through a new grant.

The Buckleys are like many young couples today. They are actually paying more per month in rent than what they might pay for a mortgage payment, so there is no question that they can afford to own a home. Their problem is that of many others – they have not been able to save enough for a down payment and closing costs.
Read the full story at eMediaWire
 
Japan's big 4 banks increase new mortgages by 27 pct in April-Dec - 2004-01-25
Japan's top four banks -- Mizuho Bank, Sumitomo Mitsui Banking Corp, Bank of Tokyo-Mitsubishi and UFJ Bank -- increased their new mortgage loans 27 pct, or 930 bln yen, year-on-year to 4.3 trln yen in April-December, the Nihon Keizai Shimbun revealed, without citing sources.

The four banks began offering new types of housing loans and stepped up marketing via real estate firms, the newspaper said, adding that the banks also picked up the slack created by the government-affiliated Housing Loan Corp.
Read the full story at Interactive Investor International
 






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