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Mortgage News for Saturday - March 13, 2004

More Mortgage News
• Lenders prompted to offer all mortgage deals to all people
• Mortgage brokers need to be monitored
• Meeting in San Jose, Calif., Resolves to Narrow Latino Homeownership Gap
• Housing Median Touches $406,000 for San Diego County
• Reasons remain to refinance mortgage
• Secret brokers' commissions
• Mortgage rates approaches record low
• END OF THE SUPER LOW HOME LOANS?
• Firing at Mortgage Giants Freddie and Fannie
• Minorities less inclined to get best mortgage rates
• FIXED-RATE MORTGAGE DEALS BEST
• Habitat, others to construct two homes in 2004
• Modifications urged in mortgage selling
• Identity theft costs billions
• Home is where the tax breaks are
• Fannie Mae economist provides rosy outlook for 2004
• Dates set for mortgage foreclosure investigation meetings
• Banks act to protect mortgage borrowers
• Got a cheap mortgage? Credit cards?
• MBA Applauds Over 220 Members of Congress for Approaching HUD to Repropose RESPA Rule
• Group seeks moratorium on certain mortgages
• No Income Home Loans Cafeteria Style
Mortgage News
Reasons remain to refinance mortgage - 2004-03-13
Mortgage bankers are apt to say that the refinancing boom is done with, even as large numbers of homeowners continue to stream into mortgage offices to refinance their loans.

2004 is expected to be the sixth-biggest year ever for refinancing home loans. Doug Duncan, chief economist for the Mortgage Bankers Association, estimates that homeowners will refinance $447 billion this year.
Read the full story at Bankrate.com
 
Secret brokers' commissions - 2004-03-13
The next time interest rates climb up, adding another $80 to your monthly repayments, think about the mortgage broker who processed your loan.

Soft-dollar commissions - secret benefits handed out by lenders to brokers for signing up new customers - remain largely unknown to consumers, but are widespread in the growing mortgage-services sector.
Read the full story at The Mercury
 






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