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Mortgage News for Monday - March 22, 2004

More Mortgage News
• Mortgage Giant Freddie a no-show on Fortune 500
• Closing Costs Remain Clear as HUD
• HUD pulls proposed rule over mortgage closing costs
• Take a bite out of mortgage closing costs
• U.S. mortgage bond prices unchanged to higher
• Bankruptcy boom eases in Indiana after record levels
• New home buyers paying more than $25,000 in fees
• Creative mortgages boost home sales
• Predatory mortgage lending: Who's watching your back?
• What's hot and what's not in housing
• Recognizing predatory mortgage lenders
• When done right, work-force housing benefits community
• On the move: Peterson is senior VP at HDR's capital office
• Endowment mortgage complaints 'cost £24m'
• Home office space an underused tax break
• New homeowners can get huge deductions on income taxes
• Greenspan Supports Homeowner Debt as Prices Increase
• Wal-Mart Tops Fortune 500 List Again
• Reverse Mortgage: A Last Resort?
• Phoenix Mortgage Defaults almost 1500 Per Month
• Mortgage Lending Pessimism Index at Five Year High
• Mortgage Lenders Ask Home Buyers To Waive Financial Privacy Rights
• April sentencing set in mortgage fraud cases
• SONYMA boosts home buying program
Mortgage News
Mortgage Lending Pessimism Index at Five Year High - 2004-03-22
Mortech, the biggest independent research project on mortgage technology, showed to its sponsors the results of this year's study at the MBA Technology Conference.

A key finding is that large mortgage lenders are growing increasingly pessimistic about their business and expect serious declines in mortgage loan volume and company profits.
Read the full story at NEW HAVEN
 
Mortgage Lenders Ask Home Buyers To Waive Financial Privacy Rights - 2004-03-22
Mortgage lenders are asking increasing numbers of home buyers and refinancers to waive their financial privacy rights at settlement.

They are demanding that consumers leave undated a key IRS tax document -- Form 4506 -- and are thereby opening home buyers' tax returns to prying eyes for months or years in the future.
Read the full story at Realty Times
 






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