Mortgage Insurer Triad Guaranty Posts Fourth-Quarter Profit - 2004-01-31
Triad Guaranty Inc. revealed yesterday that its fourth-quarter profit grew 13 percent compared with the same period a year earlier because of investment gains.

Low mortgage rates through 2003, which spurred heavy refinancing, led to "a high run off of our insurance in force," he said. "Run off" is defined as canceled or terminated policies, which hurts the company's insurance-premium revenue.
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Pasadena, Calif., Lender IndyMac Expects Slowdown in Profits, Refinancings - 2004-01-31
IndyMac Bancorp Inc. on Thursday warned of no growth first-quarter profits created by a national slowdown in mortgage refinancing.

The Pasadena-based mortgage lender said it expects earnings per share of $3 to $3.07 for the 2004 fiscal year, indicating little or no change from the $3.01 per share it earned in 2003.
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