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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
Predatory mortgage lending: Who's watching your back? - 2004-03-22
There's a turf war going on between federal and state regulators, and the nation's consumers may be the losers.

If your credit is less than stellar and you want to buy a house, you may end up with a subprime mortgage. You'll pay a higher interest rate than someone with top notch credit. That's fair; the lender gets a little extra for taking the added risk of lending money to someone with a riskier credit rating.
Read the full story at Bankrate.com
 
What's hot and what's not in housing - 2004-03-22
What's currently hot in new homes? Less walls, more toys.

First floor master suite. Also known as "master on the main," this style is especially popular with baby boomers who are planning ahead. "People are 45 years old and going, 'When I retire I don't want to climb those steps,'" says Koestner. He sees buyers looking ahead 15 to 30 years to the time the mortgage is finally paid off with an eye toward what their needs might be then.
Read the full story at Bankrate.com
 






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