Posts Tagged "2012"

Regions Financial Management Discusses Q4 2012 Results – Earnings Call

on Jan 22, 2013 in HARP Refinance | Comments Off on Regions Financial Management Discusses Q4 2012 Results – Earnings Call

Regions Financial Management Discusses Q4 2012 Results – Earnings Call … Mortgage banking revenue, while down $ 16 million from the third quarter, remains strong and continues to be driven by new home purchases and refinances aided by the government's HARP 2 program. Approximately 63% of mortgage loans were refinances and 37 … More informaiton please visit here… HARP 2 : “Severely Underwater” Homeowners Getting Mortgage Relief The Home Affordable Refinance Program was falling short for two main reasons. First, the government had asked banks to underwrite HARP loans, while simultaneously holding these "new lenders" responsible for the errors made in underwriting on … For more informaiton please visit here… Regions Financial Management Discusses Q4 2012 Results - Earnings Call...

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Peoples Bancorp Reports Fiscal 2012 Earnings

on Nov 9, 2012 in Stated Income Loans | Comments Off on Peoples Bancorp Reports Fiscal 2012 Earnings

Peoples Bancorp Reports Fiscal 2012 Earnings Maurice F Winkler, III, President of Peoples Bancorp, stated "Although 2012 was the first year in several years that we did not increase earnings, there were positives for the year. Loan balances have stabilized and have even increased slightly … More informaiton please visit here… First Northern Community Bancorp – Third Quarter Earnings Report Louise Walker, President and Chief Executive Officer, stated, "The Company reported year-to-date net income as of September 30, 2012 of $ 3.5 million, up 40% compared to net income of $ 2.5 million reported for the same fiscal period last year. … Yet … If you would like more informaiton please visit here… Peoples Bancorp Reports Fiscal 2012...

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Federal Home Loan Bank of New York Announces Third Quarter 2012 Operating

on Oct 28, 2012 in Stated Income Loans | Comments Off on Federal Home Loan Bank of New York Announces Third Quarter 2012 Operating

The Empire of Debt by Dee Hon Image by Renegade98 From Adbusters #74, Nov-Dec 2007 The Empire of Debt Money for nothing. Own a home for no money down. Do not pay for your appliances until 2012. This is the new American Dream, and for the last few years, millions have been giddily living it. Dead is the old version, the one historian James Truslow Adams introduced to the world as “that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.” Such Puritan ideals – to work hard, to save for a better life – didn’t die from the natural causes of age and obsolescence. We killed them, willfully and purposefully, to create a new gilded age. As a society, we told ourselves we could all get rich, put our feet up on the decks of our new vacation homes, and let our money work for us. Earning is for the unenlightened. Equity is the new golden calf. Sadly, this is a hollow dream. Yes, luxury homes have been hitting new gargantuan heights. Ferrari sales have never been better. But much of the ever-expanding wealth is an illusory façade masking a teetering tower of debt – the greatest the world has seen. It will collapse, in a disaster of our own making. Distress is already rumbling through Wall Street. Subprime mortgages leapt into the public consciousness this summer, becoming the catchphrase for the season. Hedge fund masterminds who command salaries in the tens of millions for their supposed financial prescience, but have little oversight or governance, bet their investors’ multi-multi-billions on the ability that subprime borrowers – who by very definition have lower incomes and/or rotten credit histories – would miraculously find means to pay back loans far exceeding what they earn. They didn’t, and surging loan defaults are sending shockwaves through the markets. Yet despite the turmoil this collapse is wreaking, it’s just the first ripple to hit the shore. America’s debt crisis runs deep. How did it come to this? How did America, collectively and as individuals, become a nation addicted to debt, pushed to and over the edge of bankruptcy? The savings rate hangs below zero. Personal bankruptcies are reaching record heights. America’s total debt averages more than 0,000 for every man, woman, and child. On a broader scale, China holds nearly trillion in US debt. Japan and other countries are also owed big. The story begins with labor. The decades following World War II were boom years. Economic growth was strong and powerful industrial unions made the middle-class dream attainable for working-class citizens. Workers bought homes and cars in such volume they gave rise to the modern suburb. But prosperity for wage earners reached its zenith in the early 1970s. By then, corporate America had begun shredding the implicit social contract it had with its workers for fear of increased foreign competition. Companies cut costs by finding cheap labor overseas, creating a drag on wages. In 1972, wages reached their peak. According to the US department of Labor Statistics, workers earned 1 a week, in inflation-adjusted 1982 dollars. Since then, it’s been a downward slide. Today, real wages are nearly one-fifth lower – this, despite real GDP per capita doubling over the same period. Even as wages fell, consumerism was encouraged to continue soaring to unprecedented heights. Buying stuff became a patriotic duty that distinguished citizens from their communist Cold War enemies. In the eighties, consumers’ growing fearlessness towards debt and their hunger for goods were met with Ronald...

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Useful Information On Obama Housing Plan 2012

on Oct 17, 2012 in Unique Loan Programs | Comments Off on Useful Information On Obama Housing Plan 2012

Rickards & Lewis Image by Butte-Silver Bow Public Library Rickards & Lewis We will collect your rents promptly and satisfactorily. Image from page 92b of Anaconda Standard Almanac 1893. Unique ID: mze-anac1892 Type: Serial Contributors:The Anaconda Standard Print, Book and Job Department Date Digital: March 2010 Date Original: 1892 Source: Butte Digital Image Project at Montana Memory Project (read the book) Library: Butte-Silver Bow Public Library in Butte, Montana, USA. Rights Info: Public Domain. Not in Copyright. Please see Montana Memory project Copyright statement and Conditions of Use (for more information, click here). Some rights reserved. Attribution-Noncommercial-No Derivative Works. More information about the Montana Memory Project: Montana’s Digital Library and Archives. More information about the Butte-Silver Bow Public Library. Search the Butte-Silver Bow Public Library Catalog. If you would like to see more homes click here… Useful Information On Obama Housing Plan 2012 “Obama housing plan is designed to help struggling homeowners manage their mortgage payments properly. Few changes were also made in the Obama housing plan qualifications to enable more number of homeowners get benefited with the foreclosure … More informaiton please visit here… Keyes failed to report home buy, mortgage … officials are required to annually disclose their assets with the State Ethics Commission, including property owned in Massachusetts, the purchase or sale of property over the past calendar year and any loan or mortgage information in excess of $ 1,000. For more informaiton please visit here… Useful Information On Obama Housing Plan...

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Current Mortgage Rates for Wednesday, September 26, 2012

on Sep 26, 2012 in Unique Loan Programs | 2 comments

Current Mortgage Rates for Wednesday, September 26, 2012 Same stuff, different day. I could probably consider cut and pasting yesterday's synopsis into this spot and call it a day. Once AGAIN mortgage rates are under downward pressure, for more or less the same reasons that they were yesterday. Uncertainty … For more informaiton please visit here… Current Mortgage Rates for Monday, September 24, 2012 Last week mortgage rates once again pushed into record low territory. With little in the way of significant economic data or news of real substance, the benefit of the Fed's newest round of easing may be filtering its way down to consumers in the form … If you would like more informaiton please visit here… Current Mortgage Rates for Wednesday, September 26,...

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