Mortgage Endowment providers are target for MPs' ire - 2004-03-10
MPs are expected to castigate Britain's insurers tomorrow over the detoriating mortgage endowment crisis, amid industry estimates that the total cost to consumers could go up to between £30bn and £50bn.

A report by the Treasury select committee is also likely to criticise bosses of the leading endowment providers for accepting pay rises of up to 71% over a three-year period while customers were suffering deep cuts in policy values.
Read the full story at Guardian Unlimited

Federal Home Loan Banks look for higher returns-study - 2004-03-10
The 12 regional Federal Home Loan Banks are under pressure to create new lines of business due to weak returns in 2003 and earlier, the Cleveland Federal Reserve Bank said in a study released on Tuesday.

The banks, institutions owned by member banks for the purpose of advancing funds for mortgage lending, experienced a drop in average return on equity to 4.1 percent in the first nine months of 2003 from 4.9 percent at the end of 2002.
Read the full story at Reuters