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Mortgage News for Thursday - January 29, 2004

More Mortgage News
• Rates likely to remain near current levels
• Freddie Mac Capital Requirement Increased
• IndyMac says 4th-qtr net higher, mortgage share up
• NetBank drops 10% after earnings warning
• House price increases 'slowing down'
• Fed modifies wording on interest rate plans
• Mortgage Rates Around the Country Higher
• Whittier, Calif.-Based Bank Holding Company Posts Drop in Quarterly Profits
• Japan Banks Mizuho, Sumitomo Mitsui to Lower Mortgage-Loan Rates
• Lender says house-price rises will taper
• Mortgage requests drop
• Borrowers beware: Interest Rates will rise again
• Executives at U.K. Insurer Aware They Were Mis-Selling Mortgage Endowments
• Adelaide Mortgage Bank forsees strong year
• Advantages of home ownership touted
• Home is usually protected during bankruptcy
• Prophets of doom can't stop house prices
• Sales of new homes lower by 5 percent
• Council approves housing program
• Mortgage rate hike expected
• E-Loan replaces president after difficult fourth quarter
• Mortgage Corp. has five year agreement
• $1 million allocated for housing programs
• FHLB mortgage finance program grows rapidly in '03
• FREDDIE MAC UNVEILS OFHEO ACTION CONCERNING CAPITAL SURPLUS
• Midland Loan Services Activates Enterprise! Loan Management System
Mortgage News
Advantages of home ownership touted - 2004-01-29
The Miami Gardens Jaycees started the new calendar with events focused on encouraging home ownership and promoting early childhood education.

For home ownership, the Jaycees and the North County Citizens Association sponsored a workshop for the public on Jan. 15 about building wealth through owning homes.

Experts in mortgage brokering, real estate finance and commercial real estate conducted the workshop, with the guest speaker being Mayor Shirley Gibson.
Read the full story at Miami Herald
 
Home is usually protected during bankruptcy - 2004-01-29
Q: If a spouse declares bankruptcy, what assets can be taken from the other spouse? We don't have any joint bank or credit-card accounts. The only joint debt is our mortgage.

ANONYMOUS, Miami

A: In Florida, your home is almost always protected, says attorney Andrew Bellinson, who runs the Bankruptcy Law Clinic in Miami. Protection for the nonfiling spouse also extends to some shared property.
Read the full story at Miami Herald
 






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