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Mortgage News for Sunday - January 4, 2004

More Mortgage News
• Young adults starting out with massive debts
• White or black, it's still discrimination in mortgage lending
• Bankruptcy courts clamping down
• 30-Year Loan Rates Finishes Year at 5.85%
• Knowing Mortgage Insurance Can Empower Homeowners, Save Money
• Outlook for Homebuilding Industry Bright, Possible Problems Ahead
• First-Time Home Buyers Receive Help When Cash, Dreams Don't Add Up
• Smooth Sailing Expected for Home Sales, Construction in Toledo, Ohio
• Investment the culprit in housing affordability
• Your credit score is vital, and there are several ways to increase it
• Mortgage lender practiced 'fairness' too far
• Capital Title growing quickly
• Would-be landlords must be aware of law
• WHO'S HIRING: Banking on financial background
• Property owners upset over appraisals
• Family finds a house in Waterloo
• Identifying mistakes is a major step
• It's the new year.
Mortgage News
Mortgage lender practiced 'fairness' too far - 2004-01-04
Thirty-five years after Congress okayed the Fair Housing Act, do racial preferences and discrimination continue to be practised in home mortgage finance? Are American home buyers still charged higher rates or fees on their loans solely because of their skin color or racial heritage?

The unfortunate answer appears to be yes. But that discrimination doesn't always take the form you might assume.
Read the full story at Herald Tribune
 
Capital Title growing quickly - 2004-01-04
When someone sells a house in the Phoenix area, there's a good probability that Don Head's company gets a cut of the action.

Many home buyers and sellers readily understand such house-deal basics as mortgage rates, property tax and home insurance. Capital trades in the more arcane aspects of the deal, issuing title insurance that protects against losses from disputes about the property's ownership and handling the escrow procedure.
Read the full story at Arizona Republic
 






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