Charter Oak Bank Reports Another Positive Year

NAPA, CA–(Marketwire - January 21, 2009) - Charter Oak Bank (OTCBB: CHOB), headquartered in
Napa, California, reported net income before-tax for the year 2008 of
$87,000. That was an increase of $41,000 from 2007. After an adjustment of
$1,086,000 for the elimination of deferred tax asset valuation, the Bank’s
2008 net income after-tax was $1,174,000. Due to an [...]

Homeowners redefaulting after getting aid (Reuters)

Reuters - More than half of mortgages modified in a bid to avoid foreclosure fell delinquent within six months, a top U.S. banking regulator said on Monday, casting doubt on a proposal to rewrite home loans en masse.

"Car czar" proposed for any automaker bailout (Reuters)

Reuters - A government “car czar” would oversee any bailout of U.S. automakers under proposed terms being negotiated by the White House and Congress for extending up to $17 billion in emergency loans that mainly aim to spare General Motors Corp and Chrysler LLC from bankruptcy.

Late mortgage payments and foreclosures hit record (Reuters)

Reuters - Late mortgage payments and the rate of home loans in foreclosure rose to record highs in the third quarter, threatening to escalate as the recession erases jobs and further strains homeowners, the Mortgage Bankers Association said on Friday.

GM says needs fast $4 billion from U.S. to survive (Reuters)

Reuters - General Motors Corp warned the U.S. government on Tuesday that it needs a $4 billion loan by the end of December or else it faces the risk of immediate failure.

Chrysler seeks $7 billion in aid this month (Reuters)

Reuters - Chrysler LLC on Tuesday asked the U.S. government for an emergency $7-billion bridge loan by the end of the year, saying it needs the funds to survive a brutal downturn in sales that has depleted its cash reserves.

Asian economies stumble and U.S. faces retail test (Reuters)

Reuters - U.S. shoppers awoke early for post-Thanksgiving sales on Friday in a key test of the country’s ability to withstand economic turmoil as sharp production declines in Asia gave fresh evidence of the global crisis.

Fed throws fresh lifeline to financial system (Reuters)

Reuters - The Federal Reserve threw a massive life-line to consumers on Tuesday with two new programs aimed at making it easier for them to obtain loans for homes, cars and on credit cards.

U.S. Bancorp acquires deposits of failed Downey, PFF (Reuters)

Reuters - U.S. banking regulators seized California banks Downey Savings and Loan and PFF Bank & Trust late Friday as the housing crisis claimed two more victims from the financial crisis.

Democrats demand Big 3 offer survival plan (Reuters)

Reuters - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans.

North Valley Bancorp Declares Cash Dividend

REDDING, CA–(Marketwire - November 20, 2008) - The Board of Directors of North Valley Bancorp
(NASDAQ: NOVB) has declared a cash dividend of $0.10 (ten cents) per common
share. The dividend is payable on January 2, 2009, to holders of record at
the close of business on December 12, 2008.

North Valley Bancorp is a bank holding company [...]

Fannie Mae, Freddie Mac suspend some foreclosures (Reuters)

Reuters - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.

Democrats demand U.S. Big 3 offer survival plan (Reuters)

Reuters - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans.

Treasury’s Kashkari Says ABS Market Looks Promising for TARP

The asset-backed securities market appears to be promising for the TARP program, said TARP co-ordinator Neel Kashkari in a speech on Wednesday. Targeting the ABS market will help bring down interest rates on automobile purchases, student loans and credit…(read more)

Urgent jumbo conforming news

A reduction in the jumbo conforming loan size could harm some borrowers as early as this week.

W.House: not proposing relaxing auto fuel efficiency (Reuters)

Reuters - The White House on Saturday said it was not proposing relaxing fuel efficiency requirements as part of efforts to speed up government loans to the ailing auto industry.

Extra Space Storage Inc. Comments on CEO’s Recent Stock Transactions

SALT LAKE CITY, UT–(Marketwire - November 13, 2008) - Extra Space Storage Inc. (the “Company”)
(NYSE: EXR) announced today that the Company’s Chairman and CEO, Kenneth M.
Woolley, has voluntarily sold 350,000 shares of the Company’s common stock.
Proceeds from the sales were used to partially pay down the outstanding
balance on a margin loan secured by Mr. [...]

Extra Space Storage Inc. Comments on CEO’s Recent Stock Transactions

SALT LAKE CITY, UT–(Marketwire - November 13, 2008) - Extra Space Storage Inc. (the “Company”)
(NYSE: EXR) announced today that the Company’s Chairman and CEO, Kenneth M.
Woolley, has voluntarily sold 350,000 shares of the Company’s common stock.
Proceeds from the sales were used to partially pay down the outstanding
balance on a margin loan secured by Mr. [...]

Extra Space Storage Inc. Comments on CEO’s Recent Stock Transactions

SALT LAKE CITY, UT–(Marketwire - November 13, 2008) - Extra Space Storage Inc. (the “Company”)
(NYSE: EXR) announced today that the Company’s Chairman and CEO, Kenneth M.
Woolley, has voluntarily sold 350,000 shares of the Company’s common stock.
Proceeds from the sales were used to partially pay down the outstanding
balance on a margin loan secured by Mr. [...]

Ionic Capital Corp.: Acquisition of Control of Common Shares of Longview Capital Partners Incorporated

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Nov. 13, 2008) - Ionic Capital Corp. (formerly Quest Holdings Ltd.) (”Ionic”) reports that it has acquired control of 15,000,000 common shares (the “Pledged Shares”) in the capital of Longview Capital Partners Incorporated (”Longview”) owned by Damien Edward Reynolds (”Reynolds”), representing 13.4% of the issued and outstanding common shares in Longview. [...]

GSE chief says mortgage aid plan should be model (Reuters)

Reuters - U.S. mortgage finance companies should soon adopt a foreclosure prevention plan developed by Fannie Mae and Freddie Mac to ease loan terms for troubled borrowers, the companies’ overseer said on Thursday.

Democrats hunt for support for auto bailout (AP)

AP - Senate Democrats pressed ahead on Thursday with plans to vote next week on a $25 billion emergency loan plan for U.S. carmakers as the auto industry and business groups readied a lobbying onslaught to overcome GOP opposition.

LMC Funding Mortgage Lender Sales Leads

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MMM Launches Commercial Real Estate Debt Management Practice; Interdisciplinary Team Assists Owners With Debt Issues

ATLANTA, GA–(Marketwire - November 13, 2008) - The credit crisis that is dramatically
affecting the commercial real estate industry is the impetus for a new
practice group at Morris, Manning &
Martin, LLP. The Atlanta-based law firm is launching a new Commercial
Real Estate Debt Management Practice, offering legal support and practical
business advice to real estate owners.

“Refinancing simply [...]

Atlanta Mortgage Loans - Mortgages Rates - Jumbo Mortgages 211 …

Posted By : Sam Curtis · Choosing The Best Time To Refinance Your Mortgage Posted By : Richard Weber · The Property Ladder: Mortgage Interest Rates Posted By : James Miller · Choosing a first time home loan · Denver Home Mortgage …
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