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Mortgage News for Sunday - March 6, 2005

More Mortgage News
• A second mortgage, a second chance
• Homeownership brings wide variety of tax benefits
• Biweekly mortgage payments timely option for homeowners
• The Washtenaw Group Reports Lower 2004 Results From Mortgage Slowdown
• Mortgage insurers say piggyback loans carry off business
• Interest on home-equity loans not always deductible
• Adjustable rate mortgages lose their edge
• Snow Says Oil Prices Create `Headwinds' for U.S. Economy
Mortgage News
Biweekly mortgage payments timely option for homeowners - 2005-03-06
The notion of accelerating mortgage payments is foreign to most homeowners, but a growing number of people are beginning to do just that.

And they save a huge amount in mortgage interest in the process without a lot of pain in the pocketbook. The phenomenon is known as biweekly mortgage payments, and while it's not for everybody, it's worth a look for homeowners who want the discipline of every-other-week payments.
Read the full story at Jefferson City News Tribune
 
The Washtenaw Group Reports Lower 2004 Results From Mortgage Slowdown - 2005-03-06
The Washtenaw Group, Inc. , the holding company for Washtenaw Mortgage Company, declared net losses for the fourth quarter and year ended December 31, 2004, from significantly lower mortgage volume.

Washtenaw Mortgage Company, one of the nation's leading wholesale mortgage companies, underwrites, acquires, sells and services mortgage loans.
Read the full story at ArriveNet (press release),
 






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