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Mortgage News for Sunday - March 14, 2004

More Mortgage News
• When choosing a mortgage, do the math
• Who's well mortgage endowed now?
• Consumers Strapped by Heavy Credit Obligations Face Little Options
• Low rates mean 'more home for less money'
• Protect yourself against mortgage discrimination
• Adjustable-rate mortgages often smart
• Average wage earners can't afford home
• Homeowner program attracts small crowd
• Borrower disputes disbursement of refinancing funds
• Buyer beware of dishonest mortgage companies
• Habitat puts ‘sweat equity’ into family’s new home
• Comparing the pros and cons of renting vs. buying homes
• Home mortgage foreclosures on the rise
• Little builders take up affordability incentives
• Implications of Housing Market Boom
• Surge in mortgage foreclosures jeopardize homeowners
• A debt diet for fit finances
• Arizonans recieve low score in credit management
• Homeowner's insurance even more vital as severe weather season approaches
• Bad habits at the Abbey
Mortgage News
When choosing a mortgage, do the math - 2004-03-14
Come-on pitches for home mortgages dominate the airwaves, mailboxes and Internet. They tout historically low loan rates, small fees and no hassles.

Lenders offer abundant choices -- such as variable rates, no points, balloon payments, reverse mortgages, 15-, 20- and 30-year terms -- designed to meet individual needs.

Picking between them can be a daunting task.
Read the full story at Modesto Bee
 
Who's well mortgage endowed now? - 2004-03-14
The meat of the matter is promises. The accountants, actuaries and directors departing from the well-heeled suburbs of South-East England to spend another day doing something arcane but incredibly well paid in the City are in the trust business.

What two independently excoriating reports - one by Lord Penrose on the collapse of the Equitable Life and the other by MPs on the endowment mortgage scandal - showed last week is how cavalier suburban, professional, commuting England is about promises.
Read the full story at Guardian Unlimited
 






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