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Mortgage News for Thursday - March 18, 2004

More Mortgage News
• 30-year mortgages approach 2003 rates
• Orderly fall forecasted in Australian house prices
• U.S. mortgage market mixed as prepay worries percolates
• IRS looks at home-office deductions
• Family faces charges in mortgage fraud scheme
• Stormy forecast for home market
• Creative mortgages help increase in home sales
• Deciding who gets house after divorce can be difficult
• Mortgage Loans Arrive In Korea
• Housing figures point to another strong year
• Median Price for Southern California Home Hits Record $351,000 in February
• Australia's CBA Looks To Fill Mortgage Gaps
• Commissioner Executes Cease, Desist Against Mortgage Company
• Home buyers get new local mortgage options through VHDA
• Mortgage Giant Fannie Mae "overweight"
• Mortgage company seeks to hire turnaround specialist
• Mortgage forgery charges pending against developer
• Housing hopes
• ABFS provides Web site for mortgage brokers
• Idaho 2003 construction activity makes record
• Group: Predatory lending law harmful
• Rate Trend Indes: Mortgages
• Consumer debt loads at record
• Home costs and sales surge
Mortgage News
Creative mortgages help increase in home sales - 2004-03-18
With home prices climbing, lenders are coming up with more creative mortgages aimed at homeowners whose budgets are stretched thin.

Among the newly popular options: loans based on the value of the home after improvements are made; "piggyback" loans that combine a standard first mortgage with a home-equity line of credit.
Read the full story at Contra Costa Times
 
Deciding who gets house after divorce can be difficult - 2004-03-18
When you're splitting up, your home is a refuge in a storm of uncertainty. Your kids are comfortable there, so you might yearn to hang onto that house after the divorce. But is it good financial sense?

While the property settlement is final, there is flexibility in crafting it. Options include co-ownership between you and your ex-spouse for a certain number of years, or taking sole possession and refinancing to keep mortgage payments reasonable.
Read the full story at Albuquerque Tribune
 






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