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Mortgage News for Friday - March 19, 2004

More Mortgage News
• Mortgage rates mostly lower; ARM hits another record low
• Hawaii mortgage rates ddecreases to 5% or less
• Rate Decrease Recharges Mortgage Refinancing
• Mortgage shortfall fears resurface
• To save cash, close on home near month's end
• Insurance firm fined over mortgage endowments
• Home prices climbing
• Home buying, selecting mortgages streamlined
• Hawaii Real Estate Enjoys Healthy Market
• Home sales explode in valley
• Condo connection
• Foreclosure postings highest since 1980s in Tarrant County, Texas
• Recovery: Are We There Yet?
• Fair Housing Law-Thirty-Five Years Later
• Housing market turns 'frenetic'
• Constructing a new home
• Workshop will cater to those looking to acquire their first home
• Legal Aid is attacking ‘predatory’ lenders
• Bank ace warns against interest rates 'shock therapy'
• Low mortgage rates builds business
• Retirees reverse mortgage finances
• Housing surge
• Coachella Valley home prices higher
• New restaurant is a family affair
Mortgage News
Workshop will cater to those looking to acquire their first home - 2004-03-19
Robert Turley didn't believe owning a home was possible. His monthly expenses took huge bites out of his paychecks, making saving money difficult. And the cost of housing was steadily increasing, getting further beyond his reach.

The discussion will focus on choosing the right real estate agent, home and mortgage. Participants will also learn about budgeting and cleaning up their credit record.
Read the full story at Herald Tribune
 
Legal Aid is attacking ‘predatory’ lenders - 2004-03-19
Predatory lenders could probably make the claim to being the true practitioners of the world’s oldest profession, going back to the time consumers traded in tusks.

Predatory mortgage lenders tend to target the elderly more than any other group, she said.
“The elderly aren’t thinking about (taking out a new mortgage) until they’re approached,” said Drysdale. “A big part of predatory lending is the aggressive marketing.
Read the full story at Jacksonville Daily Record
 






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