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Mortgage News for Monday - February 2, 2004

More Mortgage News
• Do deficits matter?
• Over reaction to Fed
• Factories humming but jobs still elusive
• Bank boss resigns over rogue trades
• Fannie Mae warned Congress on pay disclosures
• Money management made simple
• Take This Bill And Pay It
• They want to be prepared for a family financially
• Kerry's Mortgage Loan Was Key to His Revival
• Texas Mortgage Lenders See Slowdown in Business despite Low Rates
• Family Pays Down Massive Consumer Debt with Credit Counseling
• Don't worry -- Fed won't be hiking rates soon
• Subprime Loan Victims to Get Additional Redress
• Homebuyers face mortgage rate rise shock
• Loans in negative equity down sharply
• $25M program seeks to promote low-income home ownership
• Mortgage vs. Rent
• City look for buyers for small home
• Triad Guaranty posts increase in 4Q, full-year earnings
• Conditions perfect for construction of new homes in Indian River Co.
• MISMO eMortgage Workgroup Launches SMART Document Implementation Guide Version 1.0
• MBA Happy that HUD's Budget Includes Programs to Help Increase Homeownership and Affordable Housing
• US mortgage bonds quiet: eye on jobs, prepay data
• Stewardship Financial Corporation Declares Record Earnings for Year Ending December 31, 2003
• Lafayette Community Bancorp Declares Eighth Consecutive Quarter of Earnings
• U.S. home affordability up in fourth quarter
Mortgage News
Take This Bill And Pay It - 2004-02-02
An ocassionally overlooked refrain in hip-hop is the one about paying the bills. This is the lyrical flip side of diamond ice and Hummers: Women R&B singers boast of independence, creating their own way with their own job, without a man's help.

Any doubts one may have about a national economic recovery can possibly be confirmed in the corner office of Darryl Huckaby, where several thousand faxes of his listeners' overdue bills -- everything from the mortgage to the gas company, tuition and even child support.
Read the full story at Washington Post
 
They want to be prepared for a family financially - 2004-02-02
Eric and Valerie Litwiller intends to start a family soon, but can they survive on one salary if Valerie stays home while their children are young?

Eric, 28 and Valerie, 27, are used to scrimping. They don't use credit cards and limit themselves each to $150 a week to spend on food, entertainment and other out-of-pocket expenses.

They have been married about two years and own a home in Indianapolis. They have no debt except for a $128,000 mortgage.
Read the full story at USA Today
 






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