Mortgage Repossessions at lowest level since 1982 - 2004-01-28
The number of repossessions of properties executed by mortgage lenders in 2003 was at its lowest level since 1982, according to a report out today from the Council of Mortgage Lenders (CML).

The number of people in arrears on mortgage payments was also the lowest seen since the early 80s. One in 1,500 mortgaged homes was repossessed in 2003, a total of 7,630 properties.
Read the full story at Guardian Unlimited

NetBank profit lower, mortgages to drag down 1st quarter - 2004-01-28
NetBank Inc. on Wednesday indicated lower mortgage activity helped drag fourth-quarter profit down 21 percent, and may cause first-quarter earnings to fall short of analysts' estimates.

Shares of the Atlanta-based Internet-based bank and mortgage lender fell as more than 10 percent before recovering to trade 7 percent lower.

NetBank said fourth-quarter net income fell to $10 million, or 21 cents per share, from $12.6 million, or 25 cents per share, a year earlier.
Read the full story at Reuters