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Mortgage News for Sunday - February 8, 2004

More Mortgage News
• What to weigh when deciding to down the mortgage early
• Home opens door to savings
• Economy Canada-Optimism refuses to subside in housing
• What homeowners should be aware of at tax time
• Borrower's payoff will trigger tax bite
• Be wary of new property bubble, academics warn
• City warns residents against fake housing projects
• Helping teens keep financially fit
• HSBC to freeze mortgage loan rates
• Refinancing your mortgage? Fine, but time it well
• No quick mortgage fix in the mission to beat rate rises
• Real estate boom creates prosperity for homeowners
• Commonwealth Bank Profit Could Double on Funds Business
• Decent area housing at a premium
• Mortgage cash crunch hits
• Poor money management skills feed record bankruptcies
• Banks HSBC, RBS in talks to acquire GreenPoint
• Habitat condo gives new vitality to family
• Principal residence mortgages: Do you want points with that?
• Middle income no guarantee to home ownership
• Be an intelligent shopper when homes hit market
• Strong year for home production in Riverside County
Mortgage News
City warns residents against fake housing projects - 2004-02-08
The City Government has again released a warning against two more alleged fake Community Mortgage Program (CMP) originators who are getting local residents to become beneficiaries of President Arroyo's low-cost housing project.

The two organizations claiming as legitimate CMP originators were Heritage Resources Development Corporation (HRDC) and Compotech Resources and Development Corporation (CRDC).
Read the full story at Sun Star Network
 
Helping teens keep financially fit - 2004-02-08
They're a marketer's fantasy, disbursing an average of $103 a week for a total of $175 billion in 2003. They spend far more than they save, which is making them an increasingly appealing target for credit card companies

The financial lesson was sponsored by the California Mortgage Bankers Association, Sacramento Neighborhood Housing Services and Consumer Credit Counseling Service of the Sacramento Valley.
Read the full story at sacbee
 






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