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Mortgage News for Saturday - January 24, 2004

More Mortgage News
• 30-Year Mortgage Rates Dip to 5.64%
• Zero-Down Mortgages Could Become an Option for First-Time Buyers
• Strong full year seen at Northern Rock Mortgage Bank
• State median home price hits $335,000
• Foreclosed house isn't off-limits
• Fed stays on sidelines, won't change rates
• Reverse mortgage accrued interest deductible
• Mortgage broker at Marietta office named 03 Top Gun
• California's real estate costs doesn't discourage buyers
• Mortgage company's troubles persists
• Ohio gives warning to 14 mortgage broker firms
• Bad loans, economy drag down Old National
• Mortgage firm hailed by USDA
• Former title agent going to jail for taking $180,000
• Rents Higher for Apartment Dwellers in Riverside
• Realtors see more sunny days
• Irwin Financial posts profit increase of 30% in 2003
• BWC Financial Corp. Declares Fourth Quarter & Year End 2003 Earnings
• Steady is the Fed's stance
• 2001-2003 key interest rate moves
Mortgage News
Irwin Financial posts profit increase of 30% in 2003 - 2004-01-24
Despite higher interest rates for consumer mortgage loans in the fourth quarter, Columbus-based Irwin Financial Corp. posted a 30 percent gain in net income for the year ending Dec. 31.

"Given the rise in interest rates in the fourth quarter, Irwin Financial posted solid results," said Will Miller, chairman and chief executive officer, in a statement.
Read the full story at Indianapolis Star
 
BWC Financial Corp. Declares Fourth Quarter & Year End 2003 Earnings - 2004-01-24
James L. Ryan, Chief Executive Officer and Chairman of the Board of BWC Financial Corp and its subsidiaries Bank of Walnut Creek and BWC Mortgage Services, declared Fourth Quarter and Year End 2003 earnings.

Net income for the Corporation for the year ending December 31, 2003 was $4,799,000 or $1.22 diluted earnings per share, compared to net income of $4,588,000 or $1.15 diluted earnings per share at Year End 2002.
Read the full story at Business Wire via Yahoo!
 






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