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Mortgage News for Wednesday - March 31, 2004

More Mortgage News
• Many older Americans losing homes after struggling to pay taxes
• Fannie, Freddie Had Adequate Capital
• Westbrook Technologies' Solution Helps Mortgage Lender Boost Potential Revenue Earnings
• Finance: Do-It-Yourself Credit Counseling
• Midwest Hiring Slowdown Dims Job Hopes
• ANZ establishes mortgage franchises
• BofA to take over Fleet Thursday
• US Mortgage Applications Drop, Rates Rise
• Gatineau housing remains a bargain market
• States offer home financing for those in need
• For many in middle class, home isn't where the job is
• Construction rebuilds its economic respect
• HOUSING: First-time buyers to be frozen out?
• Consumers not concerned about poor job market
• Integrated Mortgage Announces Purchase of Building, Plans to Relocate Headquarters
• Allied Home Mortgage Capital Corporation Opens New Branch Office in Sayreville, NJ
• Missed Opportunity on Mortgage Reform
• Early Detection Of Mortgage Fraud
• Mortgage brokers may need annual accreditation
• Brown: Deciding on early mortgage pay-off can be tricky
• Long and short of mortgages
• Getting the most from your home
• First Franklin Releases Streamlined RapidRefi Program
• Countrywide Financial Corp. Intends to Be Number One
Mortgage News
Mortgage brokers may need annual accreditation - 2004-03-31
The New Zealand Mortgage Brokers Association's progress towards setting up a broader industry-wide organisation is continuing with the current focus on the accreditation process.

NZMBA chairman Brian Berry says the committee working on the project, which includes lender representatives, is looking at having not only up front accreditation when brokers first join the organisation, but also at ongoing annual accreditation procedures.
Read the full story at Stuff.co.nz,
 
Brown: Deciding on early mortgage pay-off can be tricky - 2004-03-31
QUESTION: We have a year-old, 15-year mortgage charging 4.99 percent, with a balance of $82,000. We are thinking of paying off the loan early and can afford an extra $300 a month. Would it be better to put that into extra principal payments or to invest it until we have enough to pay off the entire loan?

ANSWER: The financial calculation can be deceptively easy; but other issues make your decision tricky.
Read the full story at Corvallis Gazette Times
 






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