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Mortgage News for Monday - February 9, 2004

More Mortgage News
• US mortgage-backed market closely monitors Treasury yields
• InterActiveCorp Gets Earnings Jump
• $6.4M mortgage loan that saved Kerry may also drain him
• Experts Say Careful Taxpayers Can Find Slew of Deductions in Their Homes
• Members Equity shows plans for industry funds merger
• Interest rates must rise, warns Reserve
• Getting rid of private mortgage insurance early on
• His credit -- Our house
• Home buyers, fire up your search engines
• How can I save when I'm almost broke?
• Demand for homes surges
• Convinced on homes
• BIA: 2003 new-home sales decrease 7 percent
• MBA Presents to SEC, Wants Member Involvement on Accounting for Interest Rate Lock Loan Commitments
• Cold weather blamed for less housing starts
• American Mortgage Express Shows New Headquarters
• Holmes appointed head of Ann Arbor Mortgage
• Simple planning aids buyers get excellent mortgage rates
• US Senate makes Fannie, Freddie hearing for Tuesday
• Some US Appraisers Feel Pressure To Boost Home Values
• House approves ban on predatory mortgage lending
• Mississippi View Holding Company Declares 1st Quarter Earnings
• Flight to euro mortgages can be journey fraught with danger
• CONGRESSMAN FORD, FREDDIE MAC INTRODUCE $25 MILLION EFFORT TO REVITALIZE MEMPHIS NEIGHBORHOODS, LIFT MINORITY HOMEOWNERSHIP
Mortgage News
$6.4M mortgage loan that saved Kerry may also drain him - 2004-02-09
Once disregarded as a Democratic presidential contender, John Kerry survived to become the front-runner thanks to a $6.4 million Christmas Eve loan he contributed to his campaign.

Kerry's campaign says he intends to pay off the 30-year mortgage, which carries annual interest payments of about $200,000. But that is more than his $158,000 Senate salary and all his other income put together, according to his financial disclosure statement.
Read the full story at USA Today
 
Experts Say Careful Taxpayers Can Find Slew of Deductions in Their Homes - 2004-02-09
Frankly, "Home is where the deductions are" doesn't have quite the same ring as "Home is where the heart is."

The year 2003 was marked by a record number of mortgages being refinanced because of low interest rates. House sales set records -- and the low interest rates helped many people become homeowners for the very first time.
Read the full story at Miami Herald
 






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