Clearwater, Fla., Loan-Processing Center for Washington Mutual Will Close - 2004-01-16
Washington Mutual Inc. said Wednesday that it will shut a loan-processing center in Clearwater and eliminate 152 jobs as part of a nationwide downsizing spurred by the sharp drop in mortgage refinancings.

The move is part of a nationwide restructuring that will cut 2,000 people from the company's payroll and close 18 of its 58 loan-processing centers.
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Wachovia generates 23% more in quarter - 2004-01-16
Helped by its consumer banking business and Prudential Securities brokerage merger, Wachovia Corp. Thursday said profits jumped 23 percent in the final three months of last year.

Fee income in the unit declined 11 percent from last year, mostly because of a decrease in the mortgage business. Kelly, however, said he expected an improvement this year as bank branches and brokerage offices ramp up mortgage sales.
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