MCAP Inc. Posts Fourth Quarter Earnings - 2004-02-20
MCAP Inc. today released its results for the fourth quarter of 2003. Net income for the quarter ended December 31, 2003 was $2.3 million or $0.24 per share, versus $2.0 million or $0.21 per share last year.

Net mortgage interest income was $1.6 million in the quarter consistent with the prior year. The average mortgage balance increased from $225 million in the fourth quarter of 2002 to $255 million in the current quarter.
Read the full story at Business Wire via Yahoo!

Lenders providing more flexible ways to buy home - 2004-02-20
Just when it seemed every offbeat variation of home loan had reached the market, along comes this: Lenders are now offering to finance your house with just an equity line of credit.

So, in a world of skyrocketing home values and ultra-low interest rates, second mortgages have become first mortgages.
Read the full story at Clarion-Ledger