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Mortgage News for Tuesday - March 2, 2004

More Mortgage News
• U.S. 2003 home prices climb 8.4 percent-Freddie Mac
• Greenspan may be up in Adjustable Rate Mortgagess, but they aren't for everyone
• Shortcuts to Climbing the Mortgage Mountain
• Debt Ratings Service Bumps Up Salt Lake City-Based Mortgage Loan Firm
• BMO Bank of Montreal Cuts Mortgage Rates
• Howard County Looks at Higher Density Living as Open Land Becomes Less Available
• Kerry mortgage loan to campaign questioned
• Home resales, prices climbs to record levels
• Local builder partners with Charter One Mortgage
• CVAG’s mortgage assistance program endorsed by city
• Home ownership fairs ready for Saturday
• Mortgage Bank B&B chief moving on
• Winter hasn't hindered metro home building
• Low mortgage rates keep plywood prices high
• Habitat has tools, looking for families
• Area home prices lagging, report indicates
• US mortgage bond spreads narrower on stronger buying
• Home Price Drop Unlikely When Mortgage Rates Climb
• Mortgage Talk's mortgages of the week
• AMI explains FSA regulation to 'struggling' mortgage brokers
• BMO unveils mortgage for the self-employed
• Interest, real estate tax deductions assist owners
Mortgage News
BMO unveils mortgage for the self-employed - 2004-03-02
Bank of Montreal unveiled yesterday a Self-Employed Homeowner Mortgage program to let self-employed and commission-based income customers to buy a home based primarily on the strength of their personal credit rating rather than the strength of their business financial statements.

The SEHM is available in both a high-ratio mortgage (based on as little as a 10 per cent down payment) and in a conventional mortgage form.
Read the full story at Financial Post
 
Interest, real estate tax deductions assist owners - 2004-03-02
Boosted by the lowest mortgage interest rates in over 40 years, home sales and refinanced loans moved at a record pace last year. The bustling mortgage activity means more taxpayers must master the complex rules that help homeowners win big tax advantages.

"It's tax-favored in a number of different ways," said Bernard Kent, a personal financial services partner at Price- waterhouseCoopers.
Read the full story at Ledger-Enquirer
 






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