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Mortgage News for Friday - January 14, 2005

More Mortgage News
• Mortgage Giants Said to Do Little for Buyers
• Feds Charge Four Jacksonville Men With Mortgage Fraud
• Subprime Lenders Discriminate, Study Concludes
• Surprise: A Time When A Low Mortgage Payment Isn't Good
• Most signs point to housing slowdown
• More Americans remodeling homes
• Property investors look to stock market as prices falter
• Leading Mexican Mortgage Co Plans 64% Loan Growth In 2005
• Xceed Mortgage Q4 profit rises 60.8% to $2.6M
• State Bank adds two mortgage offices in area
Mortgage News
Xceed Mortgage Q4 profit rises 60.8% to $2.6M - 2005-01-14
Xceed Mortgage Corp., which makes available mortgages to customers who may not meet the criteria of banks and other lenders, has posted a 60 per cent profit increase in its fourth quarter.

Xceed's net income surged 60.8 per cent in the quarter to $2.6 million, or nine cents per share, up from $1.6 million the year before. Annual profit was $10.4 million, or 46 cents per share, up from $5.7 million, or 34 cents per share, in 2003.
Read the full story at Money Sense
 
State Bank adds two mortgage offices in area - 2005-01-14
Texas United Bancshares Inc.'s State Bank subsidiary recently set up two mortgage loan offices in the Austin area and plans to add at least two more within the next year, the company's president and CEO says.

State Bank Mortgage's new offices are located at 8303 N. MoPac Expressway in Austin and at 600 Round Rock West Drive in Round Rock. The MoPac office is headed by Dan McMillan and the Round Rock office by Scott Parshall.
Read the full story at BizJournals
 






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