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Mortgage News for Wednesday - March 24, 2004

More Mortgage News
• Price of Tokyo Bay condos dropping
• Feb. Durable Goods Orders Jump 2.5 Pct
• U.S. February New Home Sales Climb to 1.163 Mln Rate
• Midwest new home sales jump in February
• The Pulaski County Democrat
• No More Mortgage Assistance for Family of Former HABC Director
• U.S. MBA's Mortgage Applications Index Dropped 0.2% Last Week
• Mortgage Giant Freddie Mac total mortgage portfolio up
• Mortgage Refinancings Climb in Mar 19 Week
• AAA Mortgage Banks On Microsoft CRM
• Falling behind in your mortgage? Act fast
• U.S. mortgage-backed bonds firmer, spreads narrow
• Low Mortgage Rates Jump Start Denver-Area Home Sales
• Congress Considers Mortgage Insurance Deduction
• Mortgage refinancing building momentum as low rates hold
• Teachers and nurses to get mortgage help
• Publisher settles suit over fake mortgage spam
• Leading European Mortgage Bank Standardizes on Datakey
• Reverse mortgage: Have your cake and eat it, too
• British Mortgage Endowment Investors Advised on Complaint Process
• Renting vs. buying: Understanding the language of mortgages
• Sorting out mortgage options
Mortgage News
Reverse mortgage: Have your cake and eat it, too - 2004-03-24
I've always had fondness for the quote from British novelist Angela Carter, who wrote: "Home is where your heart is."

But I have another twist on that sentiment. Today, our homes aren't just where our hearts are. Our homes are where our money is.

Can't afford your child's college education? No problem. Shake some cash out of your homestead.

And now, seniors are increasingly using their home to borrow money through reverse mortgages.
Read the full story at Holland Sentinel
 
British Mortgage Endowment Investors Advised on Complaint Process - 2004-03-24
Up to 60 percent of people with endowment mortgages are convinced they were mis-sold -- yet only 6 percent have successfully complained.

Official figures from the influential Treasury Select Committee reveal that there is a yawning UKpound 40 billion shortfall between what these investments promised and what they are likely to pay. Of the 8.5 million endowments in existence, 6.8 million are likely to have shortfalls.
Read the full story at Miami Herald
 






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