Metropolitan Mortgage accepts chief's resignation - 2004-01-28
The board of financially challenged Metropolitan Mortgage & Securities has accepted the resignation of C. Paul Sandifur Jr. as chairman, president and chief executive, the company disclosed yesterday.

Irv Marcus, a board member since 1974 and a former senior vice president, was named acting chairman, president and CEO. Last week, Ernst & Young resigned as Metropolitan's independent auditor.
Read the full story at Seattle Times

Housing boost for Mortgage Bank Northern Rock - 2004-01-28
Mortgage bank Northern Rock disclosed demand for mortgages had reached record levels as it reported an 18.6% jump in profits. The UK lender said full-year pre-tax profits came in at £386.8m ($707.9m), compared with £326.2 a year ago.

Northern Rock said net lending rose 27.1%, to £8.5bn, during the 12 months to 31 December.
Chief executive Adam Applegarth also said the bank might buy the mortgage books of UK rivals Egg and Standard Life if they came up for sale.
Read the full story at BBC