New Mortgage Misery Manifests at U.K. Insurer Legal & General - 2004-03-03
Insurer Legal & General added to policyholder misery by slashing bonus rates and warning that 75 percent of people who had bought an endowment from the firm may face a mortgage shortfall.

Annual bonuses paid on conventional endowment policies are being cut to 0.75 percent and 1.25 percent from 1 percent and 1.75 percent the previous year.
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More than $100 million reportedly lost in mortgage investment scheme - 2004-03-03
A bankrupt mortgage investment operation accused of cheating 700 investors out of more than $100 million is the target of an investigation by the Harris County District Attorney's Office.

Prosecutors want to know if criminal laws were broken by those who ran Premiere Holdings of Texas.
Read the full story at Miami Herald