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Mortgage News for Saturday - February 21, 2004

More Mortgage News
• More mortgage endowment pain on the way
• Green requests clampdown on home contract program
• Don't pass up on tax breaks for mortgage points
• Leading Indicator Index Higher, and New Jobless Claims Fall
• Good times on mortgages over for the big four, says Alliance & Leicester
• The mortgage worries of one in four first-time buyers
• Still hope for the first-home buyer
• The point is -- there are many kinds of "points"
• Loss of license possible in equity-stripping case
• Are trouble industries low on ethics?
• Del Mar boss regards settlement 'the greatest thing in the world'
• 2004 Parade of homes
• PROPERTY BOOM GENERATES SEMINAR
• Five plaintiffs may quit racial bias mortgage suit
• Don't be a victim of mortgage loan scam
• One in Eight New U.K. Homebuyers Worry About Acquisition: Survey
• Small U.S. Banks Merge in Weak Recovery
• CSC BUYS MORTGAGE INDUSTRY UTILITY FROM FREDDIE MAC
• Identity theft ultimate goal of loan company
• U.K. Gilts Register First Weekly Drop in Three on BOE Rate View
Mortgage News
Don't pass up on tax breaks for mortgage points - 2004-02-21
Did you take advantage of historically low mortgage rates last year to purchase, build or refinance a home? Then you probably are aware of the tax advantage that mortgage interest can provide.

But many homeowners overlook the tax break available for points paid to get a home loan. In some cases, points also could shave tax bills for folks who refinanced or got an equity loan or line of credit.
Read the full story at CNBC
 
Leading Indicator Index Higher, and New Jobless Claims Fall - 2004-02-21
Evidence continues to mount that the economy is strengthening and that by one measure, unemployment may be dropping.

And a nationwide survey showed that mortgage rates dropped this week to the lowest level in seven months. The average interest rate on benchmark 30-year mortgages fell to 5.58 percent from 5.66 percent a week earlier, Freddie Mac, the big mortgage company, said in its weekly survey of rates.
Read the full story at New York Times
 






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