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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
Many indicate overlooking a deduction is their top tax worry - 2004-03-06
Many people worry about overlooking tax deductions, even more so than facing an audit.

Mortgage interest
If you own a home, you can write off the interest. Normally, keeping track of this isn't a big deal, but last year wasn't routine, given the fevered pitch of refinancing.
Read the full story at Home News Tribune
 
Why Bad Credit People Pay Higher Rates - 2004-03-06
Let's be honest. People with credit problems pay higher rates for the same reason people pay higher auto insurance premiums - risk.

Now let's flip the perspective back to lending. In the above investor example, replace the words investor with lender, yield with interest rate and annuity with mortgage loan. Now we see a more clear picture.
Read the full story at eMediaWire
 






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