Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Wednesday - March 10, 2004

More Mortgage News
• ARM an alternative to fixed-rate mortgage
• U.S. mortgage refinancings climb
• January's snow blamed for decrease in home sales
• Consumers take chance with adjustable-rate mortgages
• Mortgage Endowment providers are target for MPs' ire
• Federal Home Loan Banks look for higher returns-study
• Low Rates Provide Boost to Mortgage Player
• Ex-deputy PM vows “normal” mortgage
• Mortgage lending rise boosts Widows Bank profits
• Study downplays housing shortage
• Get a Mortgage Before a Home
• Mortgage rates go back to last summer's lows
• Buy-to-let hits first-time buyers
• Co-op Bank gets assistance from its mortgages
• Racial disparity in mortgage lending
• Mortgage Interest Rates Drop Again to 45-Year Lows, Surprising Forecasters
• Mortgage Giant Fannie Mae, Financial Times clash over derivatives
• Free Opportunity in Mortgage Acceleration Industry
• Mortgage Industry Veterans Unveil Pipeline Risk Management Company
• Four brokers penalized by mortgage commissioner
• February home sales climb 21% over 2003
• Two-thirds of Canadians believe they will own their dream home
Mortgage News
Mortgage Giant Fannie Mae, Financial Times clash over derivatives - 2004-03-10
Mortgage financing giant Fannie Mae and the Financial Times fought on Tuesday over the newspaper's analysis suggesting the company may have lost $24 billion on its derivatives positions over four years.

Analysts said the report highlighted a gap in Fannie Mae's financial disclosure that leaves investors guessing about whether the No. 1 mortgage financier has lost money on interest-rate changes, while Fannie Mae called the report a "gross misrepresentation."
Read the full story at Reuters via iWon
 
Free Opportunity in Mortgage Acceleration Industry - 2004-03-10
One of the biggest untapped industries in the small business sector is the Biweekly Mortgage Accelerations market. With, over 52 million mortgages active today in the United States, and only about 2% of these mortgage holders aware that they can prepay their mortgage for a substantial savings, the market is poised for growth.

Biweekly Mortgage Acceleration is a form of prepaying a home mortgage, without changing the terms or conditions of the mortgage.
Read the full story at eMediaWire
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER