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Mortgage News for Tuesday - January 27, 2004

More Mortgage News
• Dealing with mounting debt
• Many still finding reasons to refinance mortgage
• The termination of spam by 2006?
• '03 sales of existing homes establish record
• Insurance firms to be questioned by MPs
• Commuter initiative no boost to homeowners
• MARTA worthy for homebuyers
• Analysts Expect Slowdown in Twin Falls, Idaho-Area Homebuilding in 2004
• Mass. governor shows $100 million plan to help construct new homes
• How does your debt measure up?
• Court nixes NYC predatory mortgage lending law
• IT'S TIME AGAIN TO APPROACH YOUR BANK FOR A MORTGAGE RATE CUT
• Freddie Mac Economist Expects Slowdown in Housing Industry
• Western Kentucky Bank Signs Will Stay Despite Union Planters Merger
• Good Times Still Strong For Myrtle Beach, S.C., Housing Market
• Strong Numbers for Mortgage Banker Countrywide
• Commentary: The death of the consumer is hugely overstated
• Fat-cat insurers 'out of touch' over mortgage endowments
• Buyers 'to focus on Euro mortgages'
• Housing market stays red hot
• Favorable Refinancing Still Available
• Capital Title acquires Nationwide Appraisal Services for $25M
• NVR energized by housing and mortgage boom
• On Personal Finance | The trade-off for low returns - safety
Mortgage News
Insurance firms to be questioned by MPs - 2004-01-27
The Treasury Select Committee is grilling the heads of Aviva, Legal & General, Prudential, Royal & Sun Alliance and Standard Life as part of its investigation into rebuilding confidence in the long-term savings industry.

It is not know what MPs will ask the chief executives but it is thought their questions will revolve around with-profits funds, particularly ones taken out as endowment mortgages.
Read the full story at Guardian Unlimited
 
Commuter initiative no boost to homeowners - 2004-01-27
Fannie Mae's "Smart Commute Initiative," targeted at promoting housing affordability and alternatives to the automobile, is neither well concieved nor affordable.

At the same time, the mortgage amount they qualify for includes assumed cost savings from not having an automobile, because they live near public transit. For a two-income household, the assumption is transportation "savings" of $250 a month, or about $14,000 more mortgage than they would qualify for solely based on their income.
Read the full story at Atlanta Journal And Constitution
 






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