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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
Falling behind in your mortgage? Act fast - 2004-03-24
When you drop behind on your mortgage payments, your options dwindle as time goes on.

If you confront the problem quickly, you can give yourself time to keep the house or at least sell it for a fair price. Let the situation drag out, and you'll get stuck in foreclosure.

Sounds like common-sense advice. But even sensible people deny reality in a financial crisis caused by unemployment or towering medical bills or some other calamity.
Read the full story at Bankrate.com
 
U.S. mortgage-backed bonds firmer, spreads narrow - 2004-03-24
U.S. mortgage-backed securities prices were unchanged to slightly higher on Wednesday while spreads were unchanged to a bit narrower
amid slack mortgage bank sales and better buying.

Activity was subdued during the trading session because investors, faced with more uncertainty, briefly helped yank U.S. Treasury yields lower.
Read the full story at Forbes
 






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