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Mortgage News for Monday - February 23, 2004

More Mortgage News
• Greenspan suggests household balance sheets in 'good shape'
• UK could get hit with 'housing bubble'
• Fannie, Freddie Overestimated Loan Limits
• First Active lowers fixed mortgage rates
• $33m man lives up to his worth
• First-home buyers get relief from stamp duty
• Everyday People: New 'Habitat' chief assist in building community
• Financial potholes on way to your dream house
• WACHOVIA'S MARTIN DAVIS REGARDED ONE OF TECHNOLOGY'S 50 MOST IMPORTANT AFRICAN-AMERICANS FOR 2004
• Buy-to-let sales could drag down market
• Keith Locker Named to President of RFR's Inlet Capital LLC
• Be careful of fine print of deals guaranteeing closing costs
• Reporting for Duty
• Chevy Chase Bank Picks Guardian Mortgage Documents' NGIS for Web-Based Document Production
• New housing shortage has prices climbing
• Mortgage Rates Continue to Abate
• Freddie Mac's Home Value Explorer is Currently Available on Basis100's Decisioning Platform
• Checking for Adverse Selection and Moral Hazard in Consumer Loan Markets
• Stewart Realty Solutions Acquires RealtyAssist
• AccuPost Corp. Reorganizes to Accommodate Growth and Increase Scalability
• Hanover Capital Mortgage Holdings Declares 2003 Fourth-Quarter and Year-End Results
• Document Systems, Inc. and Integra Software Systems Unveils DocMagic Direct Interface For Destiny Users
• Beware of mortgage rates that jump before you close on loan
• Tarrant County Incorporates Hart InterCivic System to Electronically Record Real Estate Documents
• Foreclosures touch another record in '03
• Tax Break: How your house can boost your deductions
Mortgage News
Foreclosures touch another record in '03 - 2004-02-23
For the last few years, John Mandikos has been a witness to some of the Triad's most heart-breaking stories.

The Re/Max of Greensboro real estate agent has been selling many homes facing or already in the foreclosure process, as banks and other mortgage lenders have been reclaiming properties from Triad borrowers who are defaulting on their debt in record numbers.
Read the full story at Triad Business Journal
 
Tax Break: How your house can boost your deductions - 2004-02-23
In genral, you can deduct home mortgage interest for up to two residences on Schedule A of Form 1040. But that's just the beginning of how your house can cut your tax bill.

"If you've just taken out a mortgage in 2003 or refinanced, and you paid points, part or all of those points could be deductible depending on how the loan is structured," Kenneth Vargas from the IRS says.
Read the full story at News 24 Houston
 






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