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Mortgage News for Thursday - February 24, 2005

More Mortgage News
• Mortgage rates inch higher; 30-year at 5.69%
• PMI Mortgage Insurance Co. Risk Index Indicates a Decline in Probability of Average Home Price Depreciation
• Mortgage man has roots in hockey world
• Is industry ripping off mortgage consumers?
• Ditech's Flat Fee Mortgage Promise
• Mortgage Scam Alert
• Not-So-Extreme Home Makeovers using mortgage refinance
• US data shows economy on solid ground
• Witness: Mortgage lender questioned Monroe appraisals
• Real estate companies deny kickback allegations
Mortgage News
Witness: Mortgage lender questioned Monroe appraisals - 2005-02-24
A New Jersey mortgage company cut ties with Eagle Valley Homes in 1998 after questions surfaced about the Brodheadsville builder's appraisals, an official of the mortgage company testified Wednesday.

James Guggenheim of Princeton Mortgage said his company ended a brief business relationship with Eagle Valley Mortgage, the lending arm of Eagle Valley Homes, after another company raised concerns about Eagle Valley mortgages it purchased during the spring and summer of 1998.
Read the full story at Allentown Morning Call
 
Real estate companies deny kickback allegations - 2005-02-24
Real estate brands RE/MAX and Century 21, along with mortgage lenders Citigroup and Wells Fargo, could have been involved in alleged kickback schemes involving title insurance companies in California, according to news sources. The corporations associated with these brands have denied any knowledge about the investigations.
Read the full story at Inman.com
 






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