Subprime Loan Victims to Get Additional Redress - 2004-02-02
Almost 20,000 borrowers will get a second compensation check this week from a redress fund that resulted from the FTC’s settlement with home mortgage lender First Alliance Mortgage Company and its chief executive officer.

First Alliance borrowers, who obtained home mortgage loans through the company, previously received compensation for the loan origination fees the company deceptively charged them in a round of checks mailed out in December 2002.
Read the full story at Federal Trade Commission

Homebuyers face mortgage rate rise shock - 2004-02-02
Families face another interest rate hike this week targeted at 'cooling' the property market and curbing the nation's borrowing binge.

It would add more than £180 to the annual repayments on a £ 100,000 variable rate 25-year mortgage, taking the amount to £7,731. Homebuyers would see their monthly costs rise by around £15.20 to £644.30 - an extra £182 over a year.
Read the full story at This Is Money