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- Shoved aside by the hot mortgage products of recent years, Veterans Affairs mortgage loans are making a comeback and are a viable financing alternative for veterans looking to secure an attractive fixed-rate loan with little or no money down. The ...
- Aug. 2 (Bloomberg) -- First Priority Bank with six branches on Florida's Gulf Coast was closed by state regulators, becoming the eighth U.S. bank to collapse this year amid failed loans and writedowns linked to a slump in home prices. First Priority ...
- IT HAPPENS every spring. School winds down, college acceptance letters trickle in, a college is chosen, graduation parties are held, and newly minted graduates look forward to a restful summer. It happens every summer. The first tuition bill arrives ...
- Lloyds TSB has said it had seen a near 20% jump in the number of people looking to borrow money to improve their home. The bank said personal loan applications for home improvement work were 19% higher during the first six months of the year than ...
- BAD NEWS for 40,000 families hit this week when the Massachusetts Educational Financing Authority announced that it could not offer private student loans this year because it had failed to secure financing. Created by the state Legislature in 1982 ...
- BofI Holding, Inc. (NASDAQ: BOFI) ("BofI"), parent of Bank of Internet USA, announced today that it plans to release its fourth quarter and year-end 2008 financial results on Tuesday, August 19, 2008. The earnings release will be available on the ...
- The hardship tales of American Olympians have included endless pre-dawn swim practices for the chlorine crowd, home-equity loans for elite triathlon training and the sound of Coach Bela Karolyi exhorting gymnasts to "eat air." It is natural to grow ...
- July 25 (Bloomberg) -- Chrysler LLC, hurt by plunging prices for used sport-utility vehicles , said its finance unit will stop offering leases to customers on Aug. 1. Rising borrowing costs drove up consumers' lease payments, helping spur the shift ...
- July 25 (Bloomberg) -- Standard & Poor's may downgrade the subordinated bonds of Fannie Mae and Freddie Mac , surprising investors who had anticipated the securities would be supported by any Treasury rescue plan. The potential cut would affect $19.2 ...
- SANFORD, Fla. , July 25 /PRNewswire-FirstCall/ -- Federal Trust Corporation FDT , reported that the Company incurred a net loss of $2.8 million in the second quarter of 2008, compared to a $3.6 million loss for the second quarter of 2007. On a per ...
- People's Bank of Commerce (OTCBB:PBCO), southern Oregon's only locally owned community bank, remains the highest capitalized bank in southern Oregon with capital exceeding 13.5%, despite earnings challenges caused by the real estate and housing ...
- BLUEFIELD, Va.--( BUSINESS WIRE )--First Community Bancshares, Inc. (NASDAQ:FCBC) ( www.fcbinc.com ) today reported second quarter earnings of $6.24 million, or $0.56 per diluted share. Return on average assets was 1.23% for the second quarter of ...
- July 23 (Bloomberg) -- Washington Mutual Inc. , in forecasting continued losses from its option adjustable-rate mortgages, failed to convince all analysts it had enough cash to weather further declines in the housing market. Piper Jaffray Cos ...
- WASHINGTON -- The government would help struggling homeowners get new, cheaper loans and be allowed to offer troubled mortgage giants Fannie Mae and Freddie Mac a cash infusion as part of legislation that aims to calm the chaotic housing market. The ...
- Cambridge Bancorp (OTCBB: CATC) today reported unaudited net income of $2,531,000 for the second quarter of 2008, or $0.67 per diluted share, compared to $2,335,000, or $0.60 per diluted share, for the same quarter in 2007. For the first six months ...
- July 21 (Bloomberg) -- Bank of America Corp. , the biggest U.S. consumer bank and home lender, said profit fell less than analysts estimated as the company curtailed loan losses. Second-quarter net income declined 41 percent to $3.41 billion, or 72 ...
- C ITIGROUP posted another loss and laid off 6,000 employees in the second quarter as it struggled with surging loan defaults, but the $2.5 billion shortfall was smaller than Wall Street anticipated. Citi's shares rose 5 per cent in premarket trading ...
- July 19 (Bloomberg) -- The Federal Reserve shouldn't wait for housing and financial markets to stabilize before it begins raising interest rates, central bank policy maker Gary Stern said. ``We're pretty well-positioned for the downside risks we ...
- NEW YORK - Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion second-quarter loss that was smaller than expected. Citi helped lift other financial stocks, having joined ...
- NEW YORK (CNNMoney.com) -- JPMorgan Chase said Thursday that earnings plunged in the second quarter, stung by $1.1 billion in writedowns, but the firm still managed to beat Wall Street projections. The New York-based bank reported net income of $2 ...
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