Mortgage approvals up 32 percent-BBA
Reuters.co.uk - Feb 27 4:38 AM
LONDON (Reuters) - Approvals for home loans fell to their lowest in 12 months in January, but were still almost a third higher than a year ago, data from the British Bankers’ Association showed on Monday.Save to My Web
Chelsea builds up earnings
The Scotsman: Business - Feb 27 4:00 AM
THE Chelsea Building Society boosted pre-tax profit by 12 per cent to 50 million last year.Save to My Web
Australia’s Challenger H1 profit up 8 percent
Reuters Finance News, Australia via Yahoo! Australia & NZ Finance - Feb 26 2:44 PM
SYDNEY, Feb 27 (Reuters) - Australia’s Challenger Financial Services Group Ltd. CGF.AX posted on Monday an 8 percent rise in first-half profit on stronger lending and fund inflows, and said it would be hiring more staff in the second half.Save to My Web
Predatory lending targeted
The Columbus Dispatch - Feb 23 4:20 AM
Boosted by unusual bipartisan support for a regulatory bill of this magnitude, the Ohio Senate approved a predatory-lending measure yesterday designed to give borrowers more protection against shady mortgage deals.Save to My Web
Frontenac Mortgage Investment Corporation announces it will do business in Quebec
[Press Release] CNW Group via Yahoo! Finance - Feb 24 8:26 AM
Frontenac Mortgage Investment Corporation announced that it will now accept mortgages on properties in Quebec.Save to My Web
Crackdown looms for impatient mortgagees
Sydney Morning Herald - 1 hour, 36 minutes ago
BANKS and lenders will have their home loan policies reviewed amid concerns that borrowers have been evicted after falling behind in their mortgage payments by as little as $200. -Save to My Web
Allied Irish 2nd-Half Net Rises 17% on Lending Boom (Update1)
Bloomberg.com - Feb 22 2:04 AM
Feb. 22 (Bloomberg) — Allied Irish Banks Plc, the second- biggest Irish lender by assets, boosted second-half profit 17 percent as the country’s economic boom helped fuel mortgage and business lending.Save to My Web
Mortgage lending reaches record 23bn
Guardian Unlimited - Feb 20 5:38 PM
Figures revealing record mortgage lending provide fresh evidence that housing market has enjoyed a strong start to the year.Save to My Web
Downturn in home sales
Cincinnati Post - Camara McGee, right, is screening houses for her parents, who are planning to move to Northern Kentucky. Real estate agent Diane Victor, left, shows the features of a house for sale in Taylor Mill. Home sales in the Greater Cincinnati and Northern
Bank A&L grabs mortgage share, but margins hit
Reuters.co.uk - Feb 27 4:38 AM
LONDON (Reuters) - Bank Alliance & Leicester AL.L posted a slim rise in 2005 profits on Monday as it drove through cost cuts and took more of the UK mortgage market, but it won the business at much lower margin.Save to My Web
Bank of Mom mortgage lending
Bankrate.com via Yahoo! Finance - Feb 24 3:00 AM
The IRS will be interested in what interest rate you are charging, says Dr. Don.Save to My Web
(AFX UK Focus) 2006-02-27 09:45 GMT: UK Jan mortgage approvals fall to 45,039 from 51,233 in Dec - BBA
Interactive Investor - Feb 27 2:05 AM
LONDON (AFX) - The number of loans taken out for new mortgages in the UK dipped further in January from the previous month, but remained substantially higher than the equivalent period last year, a leading industry body said today.Save to My Web
Predatory lending targeted
The Columbus Dispatch - Feb 23 4:20 AM
Boosted by unusual bipartisan support for a regulatory bill of this magnitude, the Ohio Senate approved a predatory-lending measure yesterday designed to give borrowers more protection against shady mortgage deals.Save to My Web
Mortgage lending slips from highs
ShareCast via Yahoo! UK & Ireland Finance - Feb 20 7:00 AM
Mortgage lending growth slipped back in January, according to the latest official report though the value of loan approvals has picked up.Save to My Web
(AFX UK Focus) 2006-02-27 08:15 GMT: Alliance & Leicester posts small rise in FY profit UPDATE
Interactive Investor - Feb 27 12:35 AM
LONDON (AFX) - Mortgage lender Alliance & Leicester PLC announced a small rise in profits for 2005, boosted by lower costs and rising business volumes.Save to My Web
Hood’s consumer bills likely to die
djournal.com - Feb 27 6:01 AM
JACKSON - Three bills Attorney General Jim Hood says are designed to provide consumer protection will likely die this week in the Mississippi Senate. Two bills are designed to deal with roblems created for homeowners by Hurricane Katrina and another is supposed to help cut down on identity theft.Save to My Web
Cable Slips on Tucker Comments
Daily FX - Feb 27 3:58 AM
After slipping nearly 100 points on Friday against the dollar, Cable continued to lose ground throughout Asia and early Europe today amid broad dollar strength and bearish comments from MPC member Tucker.Save to My Web
Time Lending California, Inc. Announces 48% Revenue Growth in First Six Months Sales
[Press Release] Market Wire via Yahoo! Finance - Feb 22 3:30 AM
TIME LENDING CALIFORNIA, INC., a Nevada corporation, also a mortgage company and a leader in marketing for the mortgage, real estate, insurance and other market driven industries, today announced in its recently filed quarterly report that for the six months ended December 31, 2005 sales were $2,712,803 an increase of $883,954 representing a 48.3% growth from $1,828,849 for the six months ended Save to My Web
Synergy Financial Group, Inc. Announces Stock Purchases
PR Newswire (press release), NY - 19 hours ago Synergy offers consumer banking, mortgage lending, commercial banking, consumer finance, Internet banking, and financial services through a network of 20
Home Capital’s 2005 Earnings Rise 36.6%
Canada NewsWire (press release), Canada - Feb 14, 2006 2004. The mortgage lending line of business continues to be the primary driver of increased net interest income. It contributed
Mortgage lending at its highest in December
QCK, UK - Jan 23, 2006 Mortgage lending reached its highest recorded level for December in 2005, the Council of Mortgage Lenders (CML) has announced. Lending
Navigating the mortgage rate landscape
CNN/Money - 23 hours ago Make your decision based on closing costs and the interest rates, says Bob Moulton of Americana Mortgage. The lending environment has slowed down.
Predatory lending targeted
The Columbus Dispatch - Feb 23 4:20 AM
Boosted by unusual bipartisan support for a regulatory bill of this magnitude, the Ohio Senate approved a predatory-lending measure yesterday designed to give borrowers more protection against shady mortgage deals.Save to My Web
Briefing
The Ledger - Feb 24 3:15 AM
H R Block Sees Profits PlummetSave to My Web
Lloyds Posts Unexpected Rise in Second-Half Profit (Update5)
Bloomberg.com - 2 hours, 5 minutes ago
Feb. 24 (Bloomberg) — Lloyds TSB Group Plc, Britain’s fifth-largest bank by assets, unexpectedly posted higher second- half profit as revenue from lending to corporations outweighed a slowdown in consumer banking.Save to My Web
Mortgage lender may add jobs
Louisville Courier-Journal - Feb 24 2:41 AM
Web-based lender First Residential Mortgage Network Inc. plans to create up to 273 jobs at its Louisville headquarters over the next 10 years if it can grab a bigger share of the Internet mortgage market.Save to My Web
EARNINGS PREVIEW: Greek National Bk 4Q Net Seen EUR191.5M
New Ratings - 24 minutes ago
1442 GMT [Dow Jones] National Bank of Greece (NBG) expected post-market Tuesday to report a 4Q net profit of EUR191.5M versus EUR47.7M in ‘04, an average of six analysts’ forecasts show.Save to My Web
Impac Mortgage Holdings, Inc. Reports Net Earnings of $270.3 Million for 2005 Compared to $257.6 Million for 2004
[Press Release] PR Newswire via Yahoo! Finance - Feb 21 8:21 PM
Impac Mortgage Holdings, Inc. , a real estate investment trust , today reported net earnings of $270.3 million or $3.35 per diluted common share for 2005, as compared toSave to My Web
Senate likely to advance lending reform
The Columbus Dispatch - Feb 22 4:14 AM
An 11 th-hour effort by the Ohio Chamber of Commerce to torpedo a predatory-lending bill is expected to fail when the Senate takes up the bill this afternoon.Save to My Web
Mortgage lending reaches record 23bn
Guardian Unlimited - Feb 20 6:12 PM
Figures revealing record mortgage lending last month provide fresh evidence that the housing market has enjoyed a strong start to the year. The Council of Mortgage Lenders said gross mortgage lending totalled 23bn last month - the highest January figure on record.Save to My Web
Midwest Banc Holdings, Inc. to Present March 1, 2006 at Super-Community Bank Conference in Chicago
SYS-CON Media - 48 minutes ago
Senior management of Midwest BancHoldings, Inc. (NASDAQ: MBHI) will discuss recent developments and outlookwith investors at the Midwest Super-Community Bank Conference in Chicago at10:35 a.m. (CST) on March 1, 2006.Save to My Web
On newsstands Maine: State of Foreclosure?
Rockland Village Soup - Feb 23 9:00 PM
Leah Pyy, a homeowner in Bath, speaks Monday during a press conference at the capitol announcing the new report on predatory lending. She said unsavory lenders took advantage of her indebtedness, and still try to loan her money. “I continue to receive calls every day,” said Pyy.Save to My Web
Ohio borrowers get a hand
Akron Beacon Journal - Feb 24 12:34 AM
Lawmakers have rebuffed efforts to protect mortgage brokers and lenders from lawsuits and instead inserted more borrower-friendly provisions in a bill trying to lower Ohio’s foreclosure rate.Save to My Web
Lawmakers strengthen predatory lending bill
The Cincinnati Post - Feb 23 8:40 AM
COLUMBUS, Ohio - Lawmakers rebuffed efforts Wednesday to protect mortgage brokers and lenders from lawsuits, instead inserting more borrower-friendly provisions in a bill trying to lower Ohio’s foreclosure rate.Save to My Web
Center for Responsible Lending Confirms Ohio Can and Should Do More to Combat Predatory Lending
[Press Release] PR Newswire via Yahoo! Finance - Feb 23 11:03 AM
Today, the Center for Responsible Lending released a comprehensive report on state predatory lending reforms.Save to My Web
New Century Financial Corporation Announces Its 2006 Annual Meeting of Stockholders
[Press Release] PR Newswire via Yahoo! Finance - Feb 24 3:55 AM
New Century Financial Corporation , a real estate investment trust and parent company of one of the nation’s premier mortgage finance companies, today announced that it will host its 2006 Annual Meeting of Stockholders on Wednesday, May 10, 2006, at 9:00 a.m.Save to My Web
Week Ahead: Blue chip rush carries on
ShareCast via Yahoo! UK & Ireland Finance - Feb 24 5:25 AM
It looks to be another busy week for the market with a rush of blue chip earnings figures set to keep traders on their toes.Save to My Web
Senate OK’s bill on lending
The Cincinnati Enquirer - Feb 22 2:52 PM
Ohio lawmakers today inserted more borrower-friendly provisions in a bill trying to lower the state’s skyrocketing foreclosure rate.Save to My Web
Buy-to-let lending on the increase
Banking Business Review - Feb 20 3:10 AM
Buy-to-let lending soared in the second half of 2005 which may reflect increased demand for rental properties, according to the UKs Council of Mortgage Lenders.Save to My Web
Mortgage firms sue Montgomery
Gazette - Less than a month before Montgomery County s predatory lending law is to take effect, a group of mortgage companies has sued the county, saying it overstepped its authority in setting lending laws. The civil suit, filed Feb. 10 in Montgomery County
Paragon sees no let up in buy-to-let
ShareCast - Feb 21 12:46 AM
LONDON (SHARECAST) - Buy-to-let mortgage specialist Paragon has seen no slow down in demand in its key market with lending activity strong in the year to date.Save to My Web
Loan demand fuels Allied Irish profit
ShareCast via Yahoo! UK & Ireland Finance - Feb 22 1:45 AM
Irish lender Allied Irish Banks said full year profit rose, after a strong performance from its mortgage and business lending divisions.Save to My Web
Think FCU Realizing Benefits of Customizable Online Mortgage Applications Through FICS’ iNetAp
[Press Release] Business Wire via Yahoo! Finance - Feb 22 5:30 AM
DALLAS—-Feb. 22, 2006–Financial Industry Computer Systems, Inc. , a mortgage technology specialist that provides in-house residential origination technology to the mortgage industry, announced today the successful implementation of a newly enhanced version of iNetAp , the company’s online application tool used in conjunction with FICS’ Loan Producer , into Rochester, Minn.-based, Think Save to My Web
Mortgage lending slips from highs
ShareCast via Yahoo! UK & Ireland Finance - Feb 20 7:00 AM
Mortgage lending growth slipped back in January, according to the latest official report though the value of loan approvals has picked up.Save to My Web
Accounting Inquiry Clears Current Fannie Mae Chiefs
New York Times - Feb 23 7:22 AM
Fannie Mae’s current management and board of directors were not involved in or responsible for its accounting misstatements, most of which are being addressed, the report said.Save to My Web
Bank of Mom mortgage lending
Bankrate.com - 1 hour, 29 minutes ago
Dear Dr. Don, My daughter is getting a divorce and will take on the home mortgage. How do I go about loaning her the money to pay off the balance of the mortgage ($90,000) and keep the IRS happy? Do I need the help of a lawyer to do this?Save to My Web
Business briefs
Worcester Telegram (subscription), MA - 4 hours ago Trust Co. in Worcester, and Eileen A. Galligan, vice president of mortgage lending at Marlboro-based Digital Federal Credit Union.
Mortgage lending slows in January
BBC News, UK - Feb 20, 2006 Mortgage lending continued to slow at the start of 2006, according to the British Bankers’ Association (BBA). Underlying lending
30-year bond sales may lead to longer term mortgages
Mount Vernon News, OH - 22 hours ago This decreases the life of the mortgage, thereby cutting into the profits of lenders. Lending institutions, as well as individual investors, invest in the bond
Forex - Sterling rises on strong UK mortgage lending data
FXstreet.com, Spain - Jan 31, 2006 The data showed UK mortgage lending rose by 8.8 bln stg, the biggest increase since June 2004, while mortgage approvals totalled 122,000, their highest since
Uncertain picture of borrowing demand from individuals
Creditman, UK - Feb 21, 2006 After allowing for substantial mortgage securitisations of over 15bn in total, net mortgage lending rose by an underlying 4.6bn.