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Mortgage News for Monday - February 24, 2003

More Mortgage News
• Carrollton rejoining mortgage business
• The Underside: After the mortgage rush
• Big Three make mark in local banking activity
• Fairwinds banks on Osceola retail
Mortgage News
Carrollton rejoining mortgage business - 2003-02-24
Carrollton Bancorp has decided to return to the mortgage business after leaving the sector just a few years ago.

Carrollton decided to "inactivate" its mortgage subsidiary, Carrollton Mortgage Services Inc., in 2000 after deciding the unit exposed the bank too much to falling interest rates.
Read the full story at Baltimore Business Journal
 
The Underside: After the mortgage rush - 2003-02-24
Ask banking analysts about the residential mortgage industry, and they'll say it's seeing its biggest boom in 40 years. Ask banking executives and they'll say it feels like they're in the middle of the biggest, and most unpredictable, boom ever.

The question now is how long it will last and what exactly the fallout will be for these companies once the boom begins to bust.
Read the full story at The Business Journal (Minneapolis/St. Paul)
 






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