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Mortgage News for Friday - April 1, 2005

More Mortgage News
• After The Housing And Mortgage Refinancing Boom
• Ameriquest Mortgage Faces Questions About Home Lending Practices
• Consider interest charges daily at close of escrow for mortgages and mortgage refinance loans
• U.S. Economy: Americans' incomes rise solidly
• Get your best mortgage home loan
• Borrowing against equity in home? Some interest not deductible
• Adjustable mortgages' favor swells
• Mortgage Giant Freddie's Profit Drops, but Share Of Market Rises
• Inflation fears fuel rise in mortgage rates
• Experts: Higher Mortgage Rates Will Cool Market
Mortgage News
After The Housing And Mortgage Refinancing Boom - 2005-04-01
Admit it -- you're guilty. You've surfed Web sites such as GetMyHomesValue.com and Domania.com to get a sense of the real estate values in your city.

For the economy, a cooling of housing demand and prices could crimp consumer spending. In just three years, from 2002 to 2004, homeowners who refinanced their mortgages took out a phenomenal $400 billion in extra cash, most of which was pumped back into the economy.
Read the full story at BusinessWeek
 
Ameriquest Mortgage Faces Questions About Home Lending Practices - 2005-04-01
The first time many Americans probably noticed the name "Ameriquest Mortgage" was in response to its controversial Super Bowl ad featuring a tomato sauce-soaked cat and a cook with a knife.

Ameriquest, however, has been around for a long time and is now currently the subject of interest in 25 states for its mortgage lending practices. It has also tentatively settled a class-action lawsuit that alleges it cheated borrowers in four states and has agreed to a payout of at least $15 million.
Read the full story at Mortgage News Daily
 






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