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Mortgage News for Tuesday - March 8, 2005

More Mortgage News
• Former mortgage company owners, real estate agents sentenced for wire fraud
• Start-Up Making a Home as a Mortgage Industry Leader Despite Drop In Mortgage Refinance Activity
• Women dominating savings, pension, and mortgage decisions
• LOCAL COMMENT: Protect mortgage borrowers
• U.S. mortgage rates fall Monday - BestInfo
• Create your own mortgage debt reduction
• Mortgage Phishing - The Grand Art of Hooking a Sucker
• China's Economy May Overshoot 8% Growth Target
• Mortgage giant Fannie Mae ordered to separate chairman, CEO
• Luxury Home Prices Rise 7.2%
Mortgage News
Mortgage Phishing - The Grand Art of Hooking a Sucker - 2005-03-08
Have you ever gotten an e-mail offering you a special and irresistible offer on a new mortgage for your house? If you didn't request the offer originally, you are probably a potential victim of mortgage email phishing. And, chances are you have received not only one of these e-mail scams, but dozens - each one with better terms than the last. It's not just the people who own homes who receive these, but any one of any age who has an e-mail account.
Read the full story at Mortgage News Daily
 
China's Economy May Overshoot 8% Growth Target - 2005-03-08
Chinese policy makers are being overly sanguine in expecting they will be able to direct the economy to a ``soft landing'' in 2005 without having to adjust either the currency value or interest rates.

``I don't see the necessity to hike interest rates again,'' Guo Shuqing, director of China's State Administration of Foreign Exchange, told reporters in Beijing last week. The foreign- exchange regulator also ruled out a large-scale appreciation in the yuan, which has been pegged at 8.3 to the U.S. dollar for a decade.
Read the full story at Bloomberg
 






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