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Mortgage News for Monday - March 8, 2004

More Mortgage News
• Fed Aprroves Bank of America-FleetBoston Deal
• U.S. mortgage rates unchanged Monday
• UK housing market remains healthy
• What's your move? Comparing the benefits of renting or buying
• Housing Resale Market Drops for Metropolitan Milwaukee
• Housing starts come back
• Which is better: Chapter 13 or 7?
• Mortgage arrears climb in December
• Bankruptcy worries over interest threat
• American Equity Mortgage appoints Davis CFO
• Mortgage firm's liquidation is OK'd by court
• Impac Mortgage increases 1st-quarter profit forecast
• CVAG moves to close the mortgage gap
• CONGRESSMAN CLAY LAUNCHES FIRST ST. LOUIS ANTI-PREDATORY MORTGAGE LENDING CAMPAIGN WITH FREDDIE MAC
• Financial issues main reasons for problems in many marriages
• Economy newsletter says housing affordable
• Home mortgage lenders reach highs
• Canada Housing Starts Beat Forecasts in February
• MoneyLine and Dovenmuehle Form Affiliation
• 'Secret' is paying mortgage off early helps banker, not borrower
• Reverse mortgages can help retirees get through
• Oak Street Mortgage Sets Up New Correspondent Channel
• ABN AMRO Mortgage's 'Custom Home Building' Seminars Offer Consumers Free Expert Advice
• Dire housing picture predicted
Mortgage News
MoneyLine and Dovenmuehle Form Affiliation - 2004-03-08
MoneyLine Lending Services and Dovenmuehle Mortgage, Inc. unveiled today a new affiliation to offer private-label subservicing as an added service to the financial institution clients of MoneyLine.

By combining the private-label mortgage origination and fulfillment services of MoneyLine, and the customized subservicing solutions of Dovenmuehle, community lenders will be able to offer a complete mortgage program designed to support long-term customer relationships.
Read the full story at Market Wire
 
'Secret' is paying mortgage off early helps banker, not borrower - 2004-03-08
"Banker's Secret," a book written in the mid-1990s, refers to the way that banks levies interest on loans, particularly on mortgages, and how a consumer can "beat the bank" because of this "secret" knowledge.

The "banker's secret" really isn't a secret. It's just an explanation of how interest works in loan agreements.
Read the full story at Houston Business Journal
 






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