COAM Announces Formation of Consolidated American Resource Development
Market Wire - TAMPA, FL — (MARKET WIRE) — 03/29/2006 — Consolidated American Industries Corporation (”COAM”) (OTC: CMDJ ) today announced the formation of Consolidated American Resource Development Corporation and the acquisition of Ferber Copper Co., Inc
The Note: Seeing 2006 Through the 2008 Prism
ABC News - No ouija board or Magic 8 Ball can tell you how the immigration debate or the Bolten reorganization will come out. You could pay a dollar for the New York Times, which would make you think that Hastert is compromising, Specter is meta-compromising
7. Equities ended the first calendar quarter:
Motley Fool - __ (a). with positive performances from the Dow, Nasdaq, and S&P 500. __ (b). with the Dow performing best. __ (c). with the Nasdaq performing best. __ (d). with the S&P 500 performing best. 8. In Nassau County, Long Island, roughly one in 12
University Bancorp Reports Record Profit for 2005 With 66.3% ROE Due
Market Wire - ANN ARBOR, MI — (MARKET WIRE) — 04/03/2006 — University Bancorp, Inc. (NASDAQ: UNIB ) reported audited net income of $1,989,169 in 2005, versus a net loss of $584,820 in 2004. Basic earnings (loss) per share for 2005 and 2004 were $0.48 and (0.14
Lending crackdown stuck
Cincinnati Enquirer - COLUMBUS - A bill that would clamp down on fraudulent lending practices that have caused many Ohioans to lose their homes is on hold for at least a month. The Senate on Wednesday unanimously rejected a package of changes the House made earlier in the
Lending clampdown gets last-minute work
Cincinnati Enquirer - COLUMBUS - A House committee prepared Tuesday to strip language from a predatory lending bill that would limit what damages consumers could collect in a consumer fraud case, whether buying a home or a refrigerator. The committee was expected to
Phoenix a homebuyers’ market
AZCentral.com - Home builders are wheeling and dealing like county-fair carnies trying to win over nervous buyers. They’re offering incentives like free cars or thousands of dollars to knock down closing fees or to put toward flooring, cabinets and other decorative
Housing Boom Also Leads To High Foreclosure Rate In N.C.
WRAL - HIGH POINT, N.C. — North Carolina’s lively real estate market has been a boon for home buyers, giving them a chance to own a new home or get a better deal on their existing loan through refinancing. But the boom has been chased by a thud for some
Economists expect an end to interest rate boosts
Seattle Post Intelligencer - WASHINGTON — As Ben Bernanke takes the chairman’s seat, Federal Reserve watchers wonder how many more interest rate increases are in store. Bernanke and his Fed colleagues are expected to boost the United States’ borrowing costs yet again at the end
Thompson Joins Stewart Title Guaranty Co. to Propel Multicultural
dBusinessNews.com - HOUSTON — Stewart Title Guaranty Co. has named real estate veteran Alan Thompson as a director of multicultural markets for its Southeast region covering Florida, Georgia, Alabama, Mississippi, South Carolina and Puerto Rico, with additional
Home Foreclosures On Rise In N.C.
WXII 12 - HIGH POINT, N.C. — North Carolina’s lively real estate market has been a boon and a bust for home buyers. It may be easier and cheaper to get a home loan, but the state’s banking commissioner says foreclosures have been even easier to come by. Joe
Bonuses prove costly
Medford Mail Tribune - WASHINGTON A little-known reward for brokers who arrange home loans at high interest rates is drawing scrutiny from law-enforcement authorities, who say these bonuses can cost unwitting homeowners thousands of dollars over time. Lenders pay the
Majority stake in GMAC to be sold
Seattle Times - DETROIT General Motors was expected to announce Monday that it was selling a majority stake in its finance arm to a private investor group, The Wall Street Journal reported. The group, led by Cerberus Capital Management, will pay about $8 billion
By Andrea Gregory
Banker & Tradesman Online - The Massachusetts Division of Banks last week issued a cease-and-desist order to Quotemearate.com, a Texas-based mortgage lender that regulators say operated both licensed and unlicensed offices in the Bay State. The firm abruptly closed up shop not
15th interest rate increase is Bernanke’s first
Pittsburgh Post-Gazette - The Federal Reserve Board yesterday raised short-term interest rates by a quarter of a percentage point, to a five-year high of 4.75 percent. The increase, the Fed’s 15th since June 2004, was the first under newly minted Chairman Ben S. Bernanke