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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
Mortgage vs. Rent - 2004-02-02
If you're going to spend $600 or more each month in rent, you might as well acquire a place of your own.

Although it's not the right move for every renter, low mortgage interest rates, buyer- friendly financing deals and eager sellers make it a good time to get out of the apartment and into your own digs.
Read the full story at The Sun News
 
City look for buyers for small home - 2004-02-02
No for-sale sign is up and no Realtors have listings on it, but a three-bedroom, two-bath house is on the market in Lindsay for the right buyer.

The right buyer will not be one who can plunk down cash on the barrelhead. He or she assuredly will be borrowing some money - from Lindsay.

The city owns the house because a primary lender foreclosed on a mortgage. Lindsay held a second mortgage, so it acquired the house and will sell it to cover its loan.
Read the full story at Porterville Recorder
 






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