51.   It was one of the first to buy distressed real estate and mortgage loans earlier this decade.

52.   It shares that profit with the Clintons by reducing the interest on their mortgage loan, reportedly saving them about a thousand a month on carrying charges.

53.   It was also one of the first to buy distressed real estate and mortgage loans earlier this decade.

54.   Long Beach Financial originates, buys and sells residential mortgage loans to customers with poor credit histories.

55.   Lenders get other necessary information electronically in a matter of minutes on personal and business credit histories, mortgage loans, liens and even lawsuits.

56.   Meanwhile the volume of mortgage loans is expected to rise this year as homes sales rebound.

57.   Mortgage loans and home-improvement loans have doubled, both in number and in total dollar value.

58.   Mortgage loans and refinancing have been on the rise, he said, and this cut should increase them even more.

59.   Moreover, homeowners tend to prepay mortgage loans when interest rates fall.

60.   Mortgage loans, however, are not directly affected by the cut and may start to be more expensive if long-term rates start to rise.