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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
U.S. economic growth at 4 percent - 2004-01-31
The nation's economy expanded at a decent — but not great — 4.0 percent annual rate in the year's final quarter, a slower-than-expected pace that suggests high unemployment is likely to remain a sore subject as the presidential election year plays out.

In 2003's third quarter, GDP grew at a breathtaking 8.2 percent annual rate as the economy got a temporary boost from heavy government expenditures and from a burst of spending from consumers who were flush, thanks to tax-rebate checks from Uncle Sam and cash from mortgage refinancings.
Read the full story at Honolulu Advertiser
 
Mortgage lenders target self-employed - 2004-01-31
Despite being a nation of people who want to work for themselves, New Zealand has never come to terms with lending money to owners of fledgling businesses, says Miranda Caird.

As the founder of one of the country's largest mortgage broking companies, Mortgage Choice, Caird says New Zealand is stuck in a time trap.
Read the full story at stuff.co.nz
 






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