January 22nd, 2009 | No Comments »
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 [...]
Published in Market News |
December 8th, 2008 | No Comments »
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.
Published in General |
December 7th, 2008 | No Comments »
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.
Published in General |
December 6th, 2008 | No Comments »
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.
Published in General |
December 2nd, 2008 | No Comments »
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.
Published in General |
December 2nd, 2008 | No Comments »
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.
Published in General |
November 29th, 2008 | No Comments »
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.
Published in General |
November 25th, 2008 | No Comments »
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.
Published in General |
November 22nd, 2008 | No Comments »
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.
Published in General |
November 21st, 2008 | No Comments »
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.
Published in General |
November 21st, 2008 | No Comments »
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 [...]
Published in Market News |
November 20th, 2008 | No Comments »
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.
Published in General |
November 20th, 2008 | No Comments »
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.
Published in General |
November 19th, 2008 | No Comments »
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)
Published in Mortgage News |
November 15th, 2008 | No Comments »
A reduction in the jumbo conforming loan size could harm some borrowers as early as this week.
Published in News |
November 15th, 2008 | No Comments »
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.
Published in General |
November 13th, 2008 | No Comments »
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. [...]
Published in Market News |
November 13th, 2008 | No Comments »
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. [...]
Published in Market News |
November 13th, 2008 | No Comments »
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. [...]
Published in Market News |
November 13th, 2008 | No Comments »
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. [...]
Published in Market News |
November 13th, 2008 | No Comments »
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.
Published in General |
November 13th, 2008 | No Comments »
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.
Published in General |
November 13th, 2008 | No Comments »
“Fresh Leads Unite will target in on your preferred audience of mortgage consumers; qualify them as a suitable lead, then transfer them to your office or call-center in seconds” LMC Funding, Fund, Funding, LMC, Mortgage, Lender, Loan officer, Loan, Home Loan, Sales Leads, Sales, Leads, Funding Mortgage, Mortgage Lender, Lender Sales, ….
Published in Business News |
November 13th, 2008 | No Comments »
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 [...]
Published in Market News |
November 13th, 2008 | No Comments »
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 …
Read the rest of this great post here
Published in News |