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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (49964)	12/9/2003 10:12:36 AM
From: BWAC	Read Replies (1) \| Respond to of 53068

<Washington Mutual, Inc. (NYSE:WM) today announced that in light of lower mortgage loan volume, increasingly competitive pricing in the mortgage market and a greater emphasis on the origination of adjustable-rate mortgages by the company, gain from mortgage loans will be significantly lower in the fourth quarter than in the second quarter of 2003. > Are they selling the hanging rope in a package deal with those adjustable rates? If and when Greenspan finishes f'ng up the housing market, then the consumer is going to get pinched hard. And that will hurt the economy.