We expect modest rises in delinquencies in the quarters ahead, particularly as related to Hurricane Katrina and its effect on the Gulf Coast.
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There are some very important signals emerging in that we have seen some pretty good companies go on the block for sale or have been sold recently, which is a clear sign that consolidation is seriously underway.Douglas Duncan
Our forecast is for long-term rates to stay around 7.25 percent through the middle of the year.
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It comes down to what people are doing with their home equity.
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We see housing as being strong over the next three years within a strong economy.
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