U.S. agency wants Freddie Mac executive testimony - 2004-01-23
The regulator of U.S. mortgage finance company Freddie Mac has approached a Maryland court to get a former executive to testify in the investigation of an accounting scandal at the company.

The Office of Federal Housing Enterprise Oversight, which oversees Freddie Mac's finances, told the U.S. District Court for the District of Maryland the company's former Chief Financial Officer Vaughn Clark should help shed light on problems at Freddie Mac.
Read the full story at Reuters

Ventura County, Calif., Real-Estate Firms Declares Profit in Fourth Quarter - 2004-01-23
The Ryland Group Inc. in Calabasas rose $4.93 to $79.43 Thursday after the home-building industry posted its strongest year since 1978.

After the market close, the home builder and mortgage lender reported a 32 percent increase in fourth-quarter earnings to $3.29 per share. Consolidated revenues of $1.072 billion were the largest in the company's history.
Read the full story at Miami Herald