Mortgages-E

A lender be - and still sleep easy 
Sydney Morning Herald - 58 minutes ago
Smaller players can now invest in debt portfolios which spread the risk, reports Simon Hoyle. -Save to My Web

Thai LH set for small Q4 net growth, flat outlook 
Reuters via Yahoo! Asia News - Feb 23 10:57 PM
BANGKOK, Feb 24 (Reuters) - Thailand’s biggest housing developer, Land & Houses PCL (LH), is set to report a small increase in fourth-quarter earnings on Tuesday but higher costs are expected to cap earnings for 2006.Save to My Web

Mortgage lending slows in January 
BBC News - Feb 20 4:07 AM
Mortgage lending slowed during the first month of 2006 amid the traditional winter lull, figures from lenders show.Save to My Web

Hawaii mortgage lending hits record $32.7B 
BizJournals - Feb 19 9:04 PM
Hawaii’s mortgage lenders rode borrowers to an unexpected record year in 2005, with the fourth-largest bank emerging as a new dominant player in the market.Save to My Web

Mortgage Lending Hit January High 
Ananova - Feb 20 2:57 AM
Mortgage lending started the year on a strong note with advances reaching the highest figure on record for January, the Council of Mortgage Lenders has said.Save to My Web

Kazakh bank in mortgage deal coup 
FT.com via Yahoo! News - Feb 21 10:50 AM
A mortgage bank in Kazakhstan has completed the country’s first true sale of residential mortgage risk with a US$150m deal arranged and sponsored by ABN Amro of the Netherlands.Save to My Web

Eurohypo Profit Rises as Lending More Than Doubles (Update1) 
Bloomberg.com - Feb 20 2:44 AM
Feb. 20 (Bloomberg) — Eurohypo AG, Germany’s biggest mortgage bank, said profit rose 2.9 percent in 2005, as new lending more than doubled and loan-loss provisions fell.Save to My Web

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

Capital City Bank Group, Inc. Announces Quarterly Dividend
PR Newswire (press release), NY - 17 hours ago The Company’s bank subsidiary, Capital City Bank, was founded in 1895 and now has 69 banking offices, four mortgage lending offices, and 79 ATMs in Florida

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
Manchester Evening News, UK - Jan 27, 2006 David Dooks, BBA director of statistics, said: “Weaker mortgage lending in the first half of 2005 led to annual totals generally weaker than in 2004, but gross

Palm Desert National Bank Partners With MoneyLine Lending Services
Market Wire (press release) - Jan 30, 2006 to operate a competitive, efficient and profitable mortgage program without the additional infrastructure costs typically associated with mortgage lending.

Hong Kong’s Economy Expanded 7.3% Last Year on Trade (Update4) 
Bloomberg.com - Feb 21 8:30 PM
Feb. 22 (Bloomberg) — Hong Kong’s economy grew last year at the second-fastest pace since 2000, powered by rising exports and consumer spending. Growth will probably slow in 2006, the government said.Save to My Web

Royal Bank, Scotiabank May Report Slowest Growth in Two Years 
Bloomberg.com - 2 hours, 15 minutes ago
Feb. 22 (Bloomberg) — Canada’s six biggest banks may report the slowest earnings growth in two years, after rising interest rates increased the risk of corporate-loan defaults and forced lenders to set aside more money for credit losses.Save to My Web

COMMERCIAL MORTGAGES: Aggressive lending market remains in a ’soar’ mode 
Richmond Times-Dispatch - Feb 19 6:36 PM
Seventies rock legend Steve Miller played to a bunch of blazer-wearing, starched-shirt, middle-aged mortgage professionals at the annual Mortgage Bankers Association conference this month in Orlando, Fla.Save to My Web

Alliance Home Funding Expands Lending Team 
[Press Release] Business Wire via Yahoo! Finance - Feb 17 12:00 PM
FAIRFAX, Va.—-Feb. 17, 2006–Alliance Home Funding, LLC, a wholly-owned subsidiary of Alliance Bank Corporation announced today that The Elmendorf Team, a boutique residential mortgage lending group led by Richard Elmendorf, joined Alliance Home Funding.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

Valley & state business briefs
AZCentral.com - JDA Software Group Inc. promoted Rod Talbot to be its Asia Pacific regional vice president, the Scottsdale firm announced Tuesday. He replaces Lyn Schmidt, who retired after 14 years with the company. Talbot, 45, has 14 years of experience in the

QuestSoft and Harland Financial Solutions Create Interface Between
Business Wire (press release), CA - Feb 16, 2006 deposit & loan origination, customer relationship management, compliance training, branch automation, check & MICR printing, mortgage lending, and solution

Barclays kicks off banking season with 5.3bn profit
Independent, UK - 18 hours ago I want to put that right in 2006.”. Deanna Oppenheimer, an American retail banking expert, was brought in partly to revive mortgage lending.

Mortgage lending numbers falls in December, says BBA
ABCmoney.co.uk, UK - Jan 28, 2006 BBA said seasonally adjusted net mortgage lending during December rose by 5.4 billion pounds, compared with 5.2 billion in November and 4.7 billion in November

Barclays Beats Pft Forecasts,Bad Debts Worse
New Ratings - Feb 21, 2006 “They’re just ahead of consensus, but there is further disappointment on bad debts at Barclaycard and they are negative on net mortgage lending,” says Ian

Nedbank earnings up 65%
Business Day, South Africa - Feb 20, 2006 by certain commentators about your lack of relationship with mortgage originators - that s where a lot of the growth has come in mortgage lending in this

Pulaski Bank and Prudential Select Properties Establish Joint
dBusinessNews St. Louis (press release), MO - 10 hours ago primary objective will be to originate, process and fund mortgage loans for customers of Prudential Select Properties. Preferred Home Lending will leverage the

Capital Title Group Declares Quarterly Cash Dividend
Business Wire (press release), CA - Feb 21, 2006 Companies in America in 2005 — is a national provider of title, appraisal and other transaction services to the real estate and mortgage lending industries.

Allied Irish figures better than expected
Monsters and Critics.com, UK - 33 minutes ago Ireland’s second largest lender Allied Irish Banks said today that its full year profits were higher than expected, thanks to its mortgage lending and business

Bank promotes Springfield native
The Republican, MA - Feb 21, 2006 Shea, 46, began his career with Bank of America predecessor Bank of Boston in 1984 as a manager of residential mortgage lending in Western Massachusetts.

Mortgage lending remains strong
Times Online, UK - Feb 20, 2006 The latest set of mortgage lending figures confirm that the recent recovery in the housing market looks set to continue, albeit at a slightly slower pace.

FHA mulls changing loan standards
Allentown Morning Call - WASHINGTON | Should home buyers with solid credit histories subsidize mortgage borrowers who pay their bills late? Should loan applicants be separated into categories according to their likelihood of default, with the lowest-risk borrowers charged

Builders commission wants help with enforcing state law
McAllen Monitor - WESLACO Home builders and remodelers who follow Texas builder registration law will be more likely to back up the warrantees on their work, a Texas home building oversight agency official said Wednesday. But the fledgling Texas Residential

Regulators extend comment period on residential lending
Tampa Bay Business Journal - Financial firms have some extra time to weigh in on guidelines that could change how commercial banks, savings banks and credit unions make and monitor residential mortgages. Federal bank and credit union regulators have said they will take comments

High-risk home loans hit small Ohio towns
Chronicle-Telegram - ELYRIA The company that holds the Lorain County Family YMCA s $1.8 million mortgage hopes it can find a way to reopen the Lorain and Elyria branches. We re on a fact-finding thing, to see if (the buildings) are even worth opening again

Strickland Named Mortgage Banker of the Year
Chattanoogan - Top award recipients were named at the February Chattanooga Mortgage Bankers Association (MBA) luncheon. From left are Jill Green, Gold Production Award recipient; Melanie Reeves, MBA Associate of the Year; Greg Demars, Platinum Production Award

Priced to sell
Wall Street Journal - Hedge-fund manager David Einhorn has a prediction about publicly traded home builders: “Slowing orders, reduced prices, reduced margins, slowing backlogs — it’s all going to come.” And he’s one of the bulls. “I don’t think that’s what the bet in the

2 lawsuits multiply woes for Dominion
Columbus Dispatch - Clifford and Shannon Rece sued Dominion Homes because they say their home in the Galloway Ridge neighborhood was overpriced because purchase incentives were hidden in the price. Add two class-action lawsuits to the challenges facing Dominion Homes

COMMERCIAL MORTGAGES: Aggressive lending market remains in a ’soar’ mode 
Richmond Times-Dispatch - Feb 19 6:36 PM
Seventies rock legend Steve Miller played to a bunch of blazer-wearing, starched-shirt, middle-aged mortgage professionals at the annual Mortgage Bankers Association conference this month in Orlando, Fla.Save to My Web

Webster Bank, N.A. Implements Hummingbird Enterprise(TM) for Contract and Compliance Management and to Improve  
[Press Release] PR Newswire via Yahoo! Finance - 46 minutes ago
Hummingbird Ltd. , a leading global provider of integrated enterprise content management and network connectivity solutions, today announced that Webster Bank, N.A., a subsidiary of Webster Financial Corporation , has implemented Hummingbird Enterprise for Contract Management to automate the contract lifecycle process in its Information Technology department.Save to My Web

Consumers plastic less flexible 
The Herald - Feb 20 6:31 PM
Consumers continued to keep a tight rein on credit-card borrowing in January, according to figures a leading economist said suggested retail spending would remain under pressure for some time.Save to My Web

Housebuilder Wimpey’s profit down, upbeat on 2006 
Reuters.co.uk - Feb 21 12:53 AM
LONDON (Reuters) - Housebuilder George Wimpey WMPY.L reported a 16 percent decline in underlying profits on Tuesday, in line with its previous forecast, and said there were encouraging signs of recovery in the UK housing market.Save to My Web

Predatory lending practices in Congressional crosshairs 
Chillicothe Gazette - Feb 21 4:40 AM
People often ask me what a typical day in the legislature is like. The answer is that there is no typical day, especially given the complex issues that often come before the General Assembly.Save to My Web

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

Minutes of the Federal Open Market Committee 
Federal Reserve Board - Feb 21 11:05 AM
A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, January 31, 2006 at 9:00 a.m.Save to My Web

New year’s mortgage lending sets record 
The Scotsman: Business - Feb 20 4:30 PM
MORTGAGE lending in January soared to its highest level on record, figures showed yesterday.Save to My Web

Manatee banker sees real estate staying robust
Herald Tribune - Anthony Dimauro, the senior regional sales manager for Fifth Third Bank in Manatee County, recently traded e-mails with staff writer Michael Braga about the state of the real estate and mortgage markets in Southwest Florida. Q: Can you explain what

Bank of Cape Cod moves forward
Barnstable Patriot - The move to open a locally-owned commercial bank took a signifi cant step forward with the fi rst of two needed approvals from the Massachusetts Board of Banks Incorporation. The certificate of public convenience and advantage was issued Jan. 31

Barclays 2005 profit up 15 pct on BarCap boom
MSN MoneyCentral - LONDON (Reuters) - Barclays Plc , Britain’s third-biggest bank, said on Tuesday profits jumped 15 percent to a record last year, just beating analysts’ forecasts as a jump in investment banking income offset a big rise in bad debts. Growth in

Niche bank enjoys silent success
Tacoma News Tribune - A lot of customers enjoy dealing with a smaller bank, says Gary Gahan, president and CEO of Pierce Commercial Bank in Tacoma. Let the big boys do battle. Pierce Commercial Bank privately held and one of the few one-office banks in the

Wal-Mart bank bid sets off a debate
Chicago Tribune - Last July, when Wal-Mart Stores Inc. announced plans to open an industrial bank in Utah, one might have thought the retail giant had just acquired the combination to the banking industry’s safe. So up in arms is the banking industry that Wal-Mart

Pulaski Bank and Prudential Select Properties Establish Joint Venture
Market Wire - ST. LOUIS, MO — (MARKET WIRE) — 02/21/2006 — Pulaski Bank, a division of Pulaski Financial Corp. (NASDAQ: PULB ) and Prudential Select Properties, REALTORS today jointly announced they have reached an agreement to establish a new joint venture

Barclays 2005 profit up 15 pct on BarCap boom
MSN MoneyCentral - LONDON (Reuters) - Barclays Plc , Britain’s third-biggest bank, said on Tuesday profits jumped 15 percent to a record last year, just beating analysts’ forecasts as a jump in investment banking income offset a big rise in bad debts. Growth in

Builders commission wants help with enforcing state law
McAllen Monitor - WESLACO Home builders and remodelers who follow Texas builder registration law will be more likely to back up the warrantees on their work, a Texas home building oversight agency official said Wednesday. But the fledgling Texas Residential

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

Why You Should Be Terrified 
The Motley Fool - Feb 21 10:27 AM
There are so many reasons to be terrified of the market right now. The Fed has been raising interest rates, which can be a precursor to a bear market. At the same time, the yield curve is inverted, which often foreshadows a recession or even depression.Save to My Web

Financing to Build Condos Withers 
Builder Online - Feb 21 8:19 AM
There goes the fast money.Major commercial lenders are withdrawing from financing South Florida condo construction and conversion deals, another sign the overheated market may be too hot to handle.Save to My Web

Commercial Lending Service offers small-balance loans. 
ThomasNet - Feb 20 6:46 AM
Providing residential-style approach for commercial mortgages, CLEAR commercial underwriting process concentrates on credit score and personal financial strength, rather than property cash flow. There are no minimum property debt service coverage requirements, so brokers can finance properties that many not pass traditional commercial underwriting guidelines. Written pre-approvals are provided Save to My Web

By Steve Slater 
Tiscali - Feb 21 5:31 AM
LONDON (Reuters) - Barclays , the countrys third-biggest bank, said on Tuesday profits jumped 15 percent to a record last year, just beating analysts forecasts as higher investment banking income offset a big rise in bad debts.Save to My Web

FNB increasing its market share 
IAfrica South African Business News - Feb 21 1:09 AM
First National Bank is increasing its market share, particularly in the credit card market, an analysis of December’s DI900 information supplied to the South African Reserve Bank by the country’s major banks shows.Save to My Web

COMMERCIAL MORTGAGES: Aggressive lending market remains in a ’soar’ mode 
Richmond Times-Dispatch - Feb 19 6:36 PM
Seventies rock legend Steve Miller played to a bunch of blazer-wearing, starched-shirt, middle-aged mortgage professionals at the annual Mortgage Bankers Association conference this month in Orlando, Fla.Save to My Web

Kazakh bank in mortgage deal coup 
Financial Times - Feb 21 11:01 AM
A mortgage bank in Kazakhstan has completed the countrys first true sale of residential mortgage risk with a US$150m deal arranged and sponsored by ABN Amro of the Netherlands.Save to My Web

Housebuilder Wimpey’s profit down, upbeat on 2006 
Reuters.co.uk - Feb 21 12:53 AM
LONDON (Reuters) - Housebuilder George Wimpey WMPY.L reported a 16 percent decline in underlying profits on Tuesday, in line with its previous forecast, and said there were encouraging signs of recovery in the UK housing market.Save to My Web