[Parkview] Mortgage News 4/29/03

E-Mortgagecorp.com customerservice@emortgagecorp.com
Tue, 29 Apr 2003 20:25:56 -0700


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<HTML><HEAD><META NAME="GENERATOR" Content="Microsoft DHTML Editing Control"><TITLE></TITLE><BASE href='file://C:\Program Files\ProspectMailer\'></HEAD><BODY><P></P><DIV align=left><FONT face="Times New Roman"><IMG height=108 src="http://www.emortgagecorp.com/imagesBlank/TopRow1.jpg" width=750></FONT></DIV><DIV align=left><FONT size=5><SPAN style="FONT-SIZE: 11pt; COLOR: red; mso-bidi-font-size: 10.0pt"><A href="www.emortgagecorp.com">www.emortgagecorp.com</A></SPAN></FONT></DIV><DIV align=left><FONT size=5><SPAN style="FONT-SIZE: 11pt; COLOR: red; mso-bidi-font-size: 10.0pt">Mike Francis</SPAN></FONT></DIV><DIV align=left><FONT size=5><SPAN style="FONT-SIZE: 11pt; COLOR: red; mso-bidi-font-size: 10.0pt"></SPAN></FONT><SPAN class=MsoHyperlink><SPAN style="COLOR: blue"><U><FONT size=2><A href="mailto:mikefrancis@emortgagecorp.com">mailto:mikefrancis@emortgagecorp.com</FONT></U></SPAN></SPAN></A></DIV><DIV align=left><TABLE style="WIDTH: 438pt; BORDER-COLLAPSE: collapse" cellSpacing=0 
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HEIGHT: 32.25pt; BACKGROUND-COLOR: transparent"     width=581 colSpan=9 height=43><A       href="https://www.originatorpro.com/lu/homepageview/default.asp?a=apply&amp;page=196627&amp;ver=81136&amp;ns=1"><SPAN       style="FONT-WEIGHT: 700; FONT-SIZE: 24pt; FONT-STYLE: italic; FONT-FAMILY: Arial, sans-serif; mso-font-charset: 0">Apply       for a Mortgage Loan&nbsp;NOW!!!</SPAN></A></TD></TR></TABLE></DIV><DIV align=left><FONT size=2><FONT size=1></FONT></FONT>&nbsp;</DIV><DIV align=left><FONT size=2><FONT size=1></FONT></FONT>&nbsp;</DIV><DIV align=left><FONT size=2><FONT size=1>TO BE REMOVED FROM OUR MAILING LIST PLEASE SEND REQUEST TO</FONT>:</FONT></DIV><DIV align=left><DIV align=left><DIV align=left><A href="mailto:remove@emortgagecorp.com">remove@emortgagecorp.com</A></DIV><DIV align=left>&nbsp;</DIV><DIV align=left><TABLE cellSpacing=5 cellPadding=0 width=725 border=0>    <TR>    <TD width=5></TD>    <TD>      <TABLE cellSpacing=5 cellPadding=0 width=575 border=0>              
  <TR>          <TD><!--<img src="../../../../../images/headers/new_title_newsarc.gif" align="texttop" WIDTH="245" HEIGHT="15">--></TD></TR>        <TR>          <TD vAlign=top colSpan=2><FONT face="Arial, Helvetica, sans-serif"             size=2><B>Workers' Wages, Benefits Up 1.3 Percent</B> <I>Associated             Press</I><BR>By JEANNINE AVERSA (Associated Press Writer)             <P>April 29, 2003<BR>            <P>WASHINGTON - U.S. workers' wages and benefits rose by a brisk 1.3             percent in the first three months of 2003, the biggest increase in             nearly 13 years, even as businesses struggled with the lackluster             economy.             <P>The increase in the employment cost index for the January to             March quarter was nearly twice as big as the 0.7 rise posted in the             fourth quarter of 2002, the Labor Department reported Tuesday.             <P>Although companies have been keeping work forces lean to deal             with 
the uneven economy, they are providing workers who are still on             the payrolls more generous compensation packages. That's goods news             for the ranks of the employed but can be a potential strain on some             profit-pressed companies.             <P>Tuesday's report showed employment costs growing more quickly             than the 0.8 percent advance that economists expected.             <P>The 1.3 percent rise registered in the first quarter was the             largest increase since the second quarter of 1990, when compensation             went up by the same amount.             <P>The costs of benefits, such as health insurance and vacations,             continued to outpace wage gains.             <P>Benefit costs rose by a sizable 2.2 percent in the first quarter             of 2003, following a 1.3 percent advance in the prior quarter. The             increase in benefit costs in the first quarter was the largest in 15             years.             
<P>Wages and salaries rose by a solid 1 percent in the first             quarter, twice as fast as the 0.5 percent increase recorded in the             fourth quarter. It marked the largest gain in wages and salaries             since the first quarter of 2001, when they rose by the same amount.             <P>That's encouraging because income growth is the fuel for future             spending by consumers, the main force that has been keeping the             economy going.             <P>Consumers have been keeping their pocketbooks and wallet             sufficiently open to support economic growth, but businesses have             been cautious amid the muddled economic climate.             <P>Coping with lackluster profits and uneven demand from customers,             businesses have been reluctant to increase capital spending and go             on a hiring spree, major factors restraining economic growth.             <P>Economists believe the nation's unemployment rate will 
nudge up             to 5.9 percent in April, from 5.8 percent in March. The government             releases the employment report for April on Friday.             <P>Even if the economy starts improving a bit later this year, the             jobless rate probably will creep up because job growth won't be             strong enough to accommodate the expectation that an improved             climate will attract a lot more job seekers, economists say.             <P>Federal Reserve Chairman Alan Greenspan, who is scheduled to             appear on Capitol Hill Wednesday, has expressed optimism that the             economy will get back on surer footing once all the uncertainties             associated with the war are lifted.             <P>The Fed held a key interest rate at a 41-year low of 1.25 percent             in March. Economists believe this rate will stay at its current             super-low level for a while to help the economy recover. President             Bush wants 
Congress to pass a new round of tax cuts to help the             economy.<BR>Copyright 2003 Associated Press. All rights reserved.             This material may not be published, broadcast, rewritten, or             redistributed.             <P></P></FONT></TD></TR></TABLE></TD></TR></TABLE></DIV></DIV></DIV><P align=center><SPAN class=MsoHyperlink><SPAN style="COLOR: blue"><U><FONT color=#000000>&nbsp;</P></FONT></U></SPAN></SPAN><DIV align=left>Hard&nbsp;at Work</DIV><DIV align=left>&nbsp;</DIV><DIV align=left>Mike Francis</DIV><DIV align=left>&nbsp;</DIV><DIV align=left>702-655-4859 Ext 107</DIV><DIV align=left>702-515-7062 Fax</DIV><DIV align=left><A href="mailto:mikefrancis@emortgagecorp.com">mailto:mikefrancis@emortgagecorp.com</A></DIV><DIV align=left>&nbsp;</DIV><DIV align=left><DIV align=left><FONT size=2><FONT size=1>TO BE REMOVED FROM OUR MAILING LIST PLEASE SEND REQUEST TO</FONT>:</FONT></DIV><DIV align=left><A 
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