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Mortgage News for Saturday - January 31, 2004

More Mortgage News
• Insurer denies mis-selling endowment mortgage charges
• Market Mood Reacts To Fed Statement
• 30-Year Loan Rate Moves Up to 5.68%
• Real Estate Mailbag
• Abbey looks at Woolworths for branch network supremo
• Economic Growth Again, but Slower
• Mortgage Insurer Triad Guaranty Posts Fourth-Quarter Profit
• Pasadena, Calif., Lender IndyMac Expects Slowdown in Profits, Refinancings
• New home sales over 1 million mark in 2003
• City no longer lead in affordable housing
• U.S. economic growth at 4 percent
• Mortgage lenders target self-employed
• Washington Mutual to eliminate 188 jobs
• Ohio homebuyers' program slash mortgage rates
• Record home sales likely to go on
• All change for mortgage savings
Mortgage News
Abbey looks at Woolworths for branch network supremo - 2004-01-31
Abbey, the high street bank attempting to revive its fortunes, hired Jonathan Hart from the bargain basement emporium Woolworths yesterday to run its branch network.

Mr Hart, 43, will join Britain's second-biggest mortgage lender on 1 March. He will bring experience of being managing director of Woolworths' 21 out-of-town superstores under the Big W brand.
Read the full story at Independent
 
Economic Growth Again, but Slower - 2004-01-31
The U.S. economy grew at a healthy 4 percent annual rate in the final three months of last year, helped by rising consumer spending, exports and business purchases, the Commerce Department reported yesterday.

The fourth-quarter growth rate was encouraging, economists said, even though it marked a sharp slowdown from the torrid 8.2 percent annual rate clocked in the previous three-month period, when tax cuts and a wave of mortgage refinancings sent consumer spending soaring.
Read the full story at Washington Post
 






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