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Mortgage News for Saturday - February 28, 2004

More Mortgage News
• Mortgage Endowment red letters criticised
• Tax reduction strategies before April 15th
• MORTGAGE GIANT FREDDIE GAVE NEW CEO $8.8M INCENTIVE
• General News: Average tax refunds higher over last year
• Adjustable-rate mortgages a gamble at today's low rate
• Reasons remain to refinance mortgage
• Mortgage round-trip: Timing a home sale, home purchase
• Resources for first-time home purchasers
• Sheriff holds back on foreclosure sale of houses
• First-time homebuyers should be careful
• Mortgage lender Abbey shares drop
• Housing development slightly drops in Evanston
• Philadelphia sheriff temporarily halts foreclosure sales
• Insuring That Older Home May Require More Time, Work and Money
• INTERNATIONAL: Mortgage loans target Mexicans
• Increase home insurance as house value climbs
• No deposit needed for a $150,000 mortgage loan
• Listing service posts drop in house sales
• Mortgage giant Freddie Mac Paid Ex-CEO $19.4 Million
• Amstar Financial Services Announces Stoppage of Mortgage Lending Operations
• Mortgage loans pick up again in January rise
• Residential Mortgages: Home to roost
• Court maintains award to victims of property flipping
• Mortgage Giant Freddie Mac lures Syron
Mortgage News
Mortgage Endowment red letters criticised - 2004-02-28
Life insurance companies have been criticised for the letters they have been sending out to customers, informing them of problems with their mortgage endowments.

The so called "third wave" of red letters has begun and they warn of a strong possibility of a shortfall when the policy matures.

However the letters do not mention that customers can complain and may only have a short time left to do so.
Read the full story at BBC
 
Tax reduction strategies before April 15th - 2004-02-28
Last year American taxpayers had to work from January 1st until April 19th just to pay off their tax obligations. So, I take this subject very seriously. In reality, many taxpayers are paying more than their fair share by not utilizing tax deductions the IRS allows!

Start by identifying any overlooked tax deductions that you have every right to take. For instance, if you own your own home, not only is your mortgage interest deductible, but so is any interest you paid on home equity loans, and your real estate taxes.
Read the full story at 10 News
 






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