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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
Mass. governor shows $100 million plan to help construct new homes - 2004-01-27
Gov. Mitt Romney declared a $100 million program to help finance development of thousands of new homes. At least 20 percent will be set aside for low-and moderate-income residents.

The Priority Development Fund will offer low-interest or no-interest loans of up to $75,000 to developers who receive mortgage financing through the quasi-public MassHousing agency.
Read the full story at San Francisco Chronicle
 
How does your debt measure up? - 2004-01-27
Polonius wouldn’t have advanced very far in modern day America. He's the Shakespeare character in “Hamlet” who warned, “neither a borrower, nor a lender be.”

Modern society, as we know all too well, is overrun with both borrowers and lenders. But just how big is the typical family's debt? How fast is it growing? How does your mortgage compare to the Joneses next door? And how might consumer debt -- your debt -- affect the U.S. economy?
Read the full story at CNBC
 






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