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Mortgage News for Tuesday - February 24, 2004

More Mortgage News
• Greenspan: Mortgage debt could be threat
• CEO of collasped mortgage co. pleads guilty
• Mortgage giant Fannie Mae says Greenspan fails to appreciate its role
• First-time house purchasing '33% less affordable'
• Bank provides Islamic mortgage
• Disappointing consumer confidence report push stocks down
• Greenspan says Adjustable Rate Mortgages might be better option
• Don't ignore tax breaks for mortgage points
• Raleigh, N.C.-Area Professionals See Many Learn Difficult Lessons during Tax Season
• Twenty-somethings hurry to acquire homes
• CMHC allow buyers work for down payment
• Zero Down Payment Plan Could Make Initial Home Ownership 'Too Easy'
• Mortgage giants Fannie Mae, Freddie Mac Lower on Greenspan Speech
• FTC Testifies on its Actions to Fight Unfair and Deceptive Subprime Lending
• US Treasury Sec, Greenspan Draw Positive Picture of US Economy
• Bain supports probe of bank lending practices
• First-time home buyer numbers 'collapse'
• Two charged in federal mortgage scheme situation
• Acxiom Builds Alliance To Combat Financial Fraud
• Mortgages: J.P. Morgan merger criticized
• Analysts: Longer-term lending main challenge this year
• Higher mortgage rate despite higher equity
• Standard Life faces anger over executive pay
• Mortgage Firms are Shut Down
Mortgage News
Raleigh, N.C.-Area Professionals See Many Learn Difficult Lessons during Tax Season - 2004-02-24
In their hurry to complete taxes, taxpayers frequently fail to use all of their deductions and credits.

Baron found that almost $29,000 worth of deductions were overlooked. The list of lost deductions included mortgage interest, property tax payments, real estate taxes and charitable contributions. "They never asked the basic questions," Baron said.
Read the full story at Miami Herald
 
Twenty-somethings hurry to acquire homes - 2004-02-24
Katrina Davis is 24 years old, only two years out of college, but she already has a house. Helping to push up the number of twenty-something home buyers are historically low mortgage interest rates, said Molony and other local mortgage sellers.

It isn't unusual for John Tate, branch manager of the First Metropolitan Mortgage office in Huntsville, to work with young people. The branch specializes in first-time home buyers.
Read the full story at Miami Herald
 






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