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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
Washington Mutual to eliminate 188 jobs - 2004-01-31
Washington Mutual Inc. told 188 mortgage-servicing employees in Jacksonville yesterday their jobs were removed as part of the Seattle-based financial service giant's continuing downsizing.

In December, company officials said they would lay off 2,900 employees nationwide in the first quarter of 2004, after eliminating 4,500 employees in the previous four months -- mostly in mortgage lending support services.
Read the full story at Business Journal of Jacksonville
 
Ohio homebuyers' program slash mortgage rates - 2004-01-31
Ohio's First-Time Homebuyer's Program has slashed interest rates it charges qualified buyers.

Prospective homebuyers not using downpayment assistance can qualify for mortgage rates starting at 4.875 percent, down from 5.25 percent. Those using downpayment assistance qualify for rates starting at 5.375 percent, down from 5.75 percent.
Read the full story at Cincinnati Business Courier
 






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