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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
Westbrook Technologies' Solution Helps Mortgage Lender Boost Potential Revenue Earnings - 2004-03-31
Located in Long Island, N.Y., NovaStar Home Mortgage, Inc. is a wholly owned subsidiary of NovaStar Financial Inc., a nationally recognized leading lender and investor in residential mortgages processing more than 138,000 loans and boasting $35.2 million in annual revenue.

A competitive technology solution was critical in order to expeditiously handle loan closures, stimulate business development and curb overhead expenses.
Read the full story at PR Newswire
 
Finance: Do-It-Yourself Credit Counseling - 2004-03-31
It's sad but true that some predatory businesses profit by going after people who have troubles.

Prioritize your bills. You should pay everybody who you owe, but some creditors can hurt you worse than others. Nolo Press, which also publishes several legal-self help books, suggests on its Web site that you put all your available cash toward your mortgage, utility bills, child support payments and the like.
Read the full story at Reuters Asia
 






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