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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
Banks HSBC, RBS in talks to acquire GreenPoint - 2004-02-08
British banks HSBC Holdings Plc and Royal Bank of Scotland Group Plc have each initiated talks to acquire New York's Greenpoint Financial Corp, the Business newspaper reported.

Greenpoint, which has a market value of about $6 billion, has about 90 branches and a mortgage business. The lender has hired investment banks Keefe, Bruyette & Woods Inc and Lehman Brothers Holdings Inc to advise on sale options after profit fell for two straight quarters.
Read the full story at Reuters via Forbes
 
Habitat condo gives new vitality to family - 2004-02-08
Kim Kennedy is happy in displaying the homey touches in her condominium: hand-sewn leopard print curtains, tiny African sculptures, and a life-size stuffed leopard whose namesake is the street where she became a first-time homeowner.

Until two years ago, Kennedy would not have dreamed she could own such a place. Her no-interest mortgage and monthly association fees are less than what she once spent for rent.
Read the full story at News-Times
 






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