CFO: Metropolitan Mortgage restructuring in jeopardy - 2004-03-06
A proposed restructuring of Metropolitan Mortgage & Securities is in jeopardy, its chief financial officer indicated yesterday.

Spokane-based Metropolitan and sister company Summit Securities, both of which filed for bankruptcy protection last month, had proposed swapping the money they owed to thousands of noteholders for common stock in a reorganized firm.
Read the full story at Seattle Times

Markets Hold as Low-Interest Outlook Counter Jobs Report - 2004-03-06
Bond prices climbed, yields dropped and the dollar fell yesterday in the wake of a surprisingly weak February jobs report, suggesting that any interest rate increase by the Federal Reserve will not come as soon as had been predicted.

The yield on the Treasury's 10-year note fell to 3.85 percent, its lowest since July. If the yield remains in this area, mortgage rates, which are already low, could decline further next week.
Read the full story at New York Times