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Mortgage News for Saturday - March 6, 2004

More Mortgage News
• CFO: Metropolitan Mortgage restructuring in jeopardy
• Markets Hold as Low-Interest Outlook Counter Jobs Report
• First-time homebuyers priced out in eight of 10 towns
• 'Puppies' team up to purchase homes
• AMP back in game, and Big Mac holds fire
• Retail Sales in Norfolk, Va., Area Break $10 Billion in Record-Setting 2003
• Right of rescission allows you to back out of a loan
• Be careful with home equity debt
• Appraisals help lender, but you pay for it
• NEW HOME BUYERS PRICED OUT
• Get a new home with no downpayment-PPEP meeting Wednesday
• City's home expo opens doors to public
• A hike in interest rates could pop housing market bubble
• Help for Vermont Home Buyers
• Hall of Shame inductee: Gregory Hiatt, Millennium Mortgage
• State orders local mortgage company to cease doing business
• Many indicate overlooking a deduction is their top tax worry
• Why Bad Credit People Pay Higher Rates
• WEST HOMES BEYOND AFFORDABLE
• Mortgage Broker Charcol unveils two-year discount
• West Roxbury two-family could help pay buyer's mortgage
• Mortgage Lending Division already showing its muscle
Mortgage News
Hall of Shame inductee: Gregory Hiatt, Millennium Mortgage - 2004-03-06
When you apply for a mortgage, you're asked to divulge your most valuable and personal information, from your Social Security number to credit card information.

But imagine giving all that critical information to a mortgage broker who doesn't protect it, just like the one who is now the latest inductee into the ABC Action News Hall of Shame.
Read the full story at ABC Action News
 
State orders local mortgage company to cease doing business - 2004-03-06
A mortgage company registered with the state as being in Bentonville had its license halted and was told to stop doing business in Arkansas until it posts a required $50,000 bond.

Walters Mortgage Inc. was among 25 mortgage loan companies that had their licenses suspended by securities commissioner Michael B. Johnson for failure to post the required surety bonds, according to a news release from the Arkansas Securities Department.
Read the full story at Benton County Daily Record
 






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