Western United, Mortgage Met's biggest unit, under state control - 2004-03-03
Western United Life Assurance, the biggest operating unit of bankrupt financial conglomerate Metropolitan Mortgage & Securities, was put under receivership yesterday at the request of the state insurance commissioner's office.

The move, which puts the insurer under direct state control, was prompted by a recent opinion from Western's lawyers that it would likely lose a dispute with the IRS over a 5-year-old tax shelter.
Read the full story at Seattle Times

Mortgage Giant Freddie Mac chief lobbyist planning to leave-WSJ - 2004-03-03
Freddie Mac's chief lobbyist Mitchell Delk is preparing to leave the troubled No. 2 U.S. mortgage-finance company, the Wall Street Journal reported on Wednesday.

Citing people familiar with the matter the story said Delk is negotiating the terms of his departure.
Freddie Mac was not immediately available to comment.
Read the full story at Reuters