NEW LENDING FIGURES ARE REASON FOR CONCERN - 2004-01-21
Figures from the Council of Mortgage Lenders show that mortgage lending increased 18% last year, income multiples hit a new high of 2.91 and large scale re-mortgaging has taken place to finance consumer spending, with only 27% of mortgages being for first time buyers.

Vincent Cable MP, Liberal Democrat Shadow Chancellor, said: “These figures show the possibility of owner occupancy moving further out of low and average earners grasps.
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Bank Mutual Corporation Posts Earnings for the Year of 2003 and the Fourth Quarter of 2003 - 2004-01-21
Bank Mutual Corporation posted earnings of $22.6 million for the year ended December 31, 2003. Earnings for the fourth quarter of 2003 were $5.5 million.

Mortgage loan originations and purchases were $175.6 million in the fourth quarter of 2003. 2003 was a year of record mortgage loan originations, primarily as a result of the low interest rate environment which prevailed throughout much of the year.
Read the full story at Business Wire