Bad news: Mortgage industry heads for layoffs - 2005-01-27
Everything's turning up roses, or at least greenbacks, in the next three years, with strong economic growth through 2007 and strong, if only slightly slower, housing demand, according to the Mortgage Bankers Association.

"It's will be a 'what have you done for me lately' situation, because though things are still at a record level, people are going to look at the records of the last two years and feel it's slowed," said Doug Duncan, MBA's chief economist, at the association's State of the Real Estate Finance Industry press briefing Thursday. .
Read the full story at Inman.com

Thornburg Mortgage's Q4 and year-end earnings rise - 2005-01-27
Thornburg Mortgage Inc., located in Santa Fe, posted net income for the year ended Dec. 31, 2004, of $232.6 million, or $2.80 diluted earnings per common share. This represents a three percent increase from 2003 when earnings were $176.5 million or $2.71 per common share.

For the fourth quarter, net income was $63.3 million, or 71 cents of diluted earnings per common share, versus $49.5 million, or 69 cents of diluted earnings per common share.
Read the full story at New Mexico Business Weekly