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Mortgage News for Tuesday - January 18, 2005

More Mortgage News
• Warning over 130% Mortgage Deal
• 7 ways to spot a shady mortgage lender
• Mortgage regulations head to Senate
• Who suffers most if housing bubble in bursts?
• Real estate loan insurer boosts profits
• Use caution when refinancing your mortgage loan
• NFL Players Build Homes for Local Families
• Builders defend mortgage giants Fannie, Freddie
• $1 Trillion Target for Home Loans Firm Helps Minorities, Poor
• Canadian home resales up sixth year in a row
Mortgage News
Real estate loan insurer boosts profits - 2005-01-18
Private mortgage insurance provider MGIC Investment Corp. posted fourth-quarter net income of $134.5 million, 29.5 percent higher from the $103.9 million reported for the same quarter a year ago.

Net income for the full year 2004 was $553.2 million, versus $493.9 million for the same period last year, an increase of 12 percent. Diluted earnings per share for the full year 2004 were $5.63 compared with $4.99 in 2003, a 12.8 percent increase.
Read the full story at Inman.com
 
Use caution when refinancing your mortgage loan - 2005-01-18
Homeowners eager to lower their mortgage interest rates are refinancing in record numbers, according to industry experts. While refinancing may save you perhaps hundreds of dollars off your existing mortgage, it is not for everyone. If you are considering refinancing, the Better Business Bureau suggests you shop around, compare prices and negotiate. But also move with caution when dealing with some lenders.
Read the full story at North Texas e-News
 






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