Adjustable mortgages' favor swells - 2005-04-01
The percentage of homeowners taking out adjustable-rate mortgages reached a record last week, a milestone some economists say might one day spell trouble for financially stretched consumers.

Coachella Valley mortgage experts say the national percentage of borrowers using adjustable rate mortgages is about the same with what they see here.
Read the full story at The Desert Sun

Mortgage Giant Freddie's Profit Drops, but Share Of Market Rises - 2005-04-01
Mortgage giant Freddie Mac released its 2004 results yesterday, bringing its financial reporting current two years after an accounting scandal caused a massive review of its finances and the ouster of top officers.

Freddie's earnings dropped 41 percent in 2004, mostly because the market value of key parts of its portfolio dropped $4.48 billion. Large fees paid to accountants and consultants during the year also dragged down earnings.
Read the full story at Washington Post