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Mortgage News for Sunday - February 15, 2004

More Mortgage News
• Mortgage insurance write-off floated
• Concerns over equity release loans
• The Very, Very Personal Is the Political
• A Matter of Timing in Paying Bills Online
• The Week Ahead: Laughing all the way to our banks?
• Income Tax Itemizers Need to Look Out For Easy-to-Miss Deductions
• Former Oregon resident facing federal fraud indictment
• SSS puts in P30 billion of mortgage agency’s loans
• How are home prices in your neighborhood?
• Mark Paul: Big debt? Big deal! Let your kids pay it down
• Foreign investment buying mortgages
• Nursing home fees more than mortgage payments
• Elderly face 'new mis-selling scandal'
• Pay down credit card debts first
• Bendigo Bank of Australia First-Half Profit Rises 36% (Update3)
• Loan Portfolio Valuation Solution Released
• BUSINESS PULSE
• Banks profit with strong mortgage business
• Timing not good for bill allowing Private Mortgage Insurance deductibility
• Single-family home sales increase steadily
• Sifting Through Rules Pays Off For Homeowners
• Annual home show provides smorgasbord of services
• Habitat for Humanity to dedicate homes today
• Married Couples Should Rethink Plans To Itemize
• Get rate locked on mortgage
• Don't get burned, know cool-off rules on loans and mortgages
Mortgage News
The Week Ahead: Laughing all the way to our banks? - 2004-02-15
It has been accumulating for some weeks now but in the next few days the banks' earnings round will really soar.

At Bradford & Bingley, both profits and the dividend are expected to be up, boosted in the main by strong mortgage volume growth. With interest rates on the rise, however, investors will be interested to hear the bank's thoughts on how the housing market will perform in the current financial year.
Read the full story at at Independent
 
Income Tax Itemizers Need to Look Out For Easy-to-Miss Deductions - 2004-02-15
Income tax itemizers may not be getting the maximum benefit from deduction opportunities.

If you paid points on a mortgage to buy your primary home, you can deduct that entire cost. If you paid points associated with refinancing, you'll have to do some math to amortize the cost of the points over the life of the loan. For example, if you paid $1,500 in points to refinance to a 15-year loan, you can deduct $100 a year for the next 15 years.
Read the full story at Miami Herald
 






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