The Challenge Is Prices Got Stupid

The Daily Astorian reports from Oregon. “An increasing number of homeowners in Clatsop County are falling behind on their mortgage payments and ... Joe Schulte, VP of Compass Community Bank in Seaside, said subprime loan programs were available ... as the loan criteria change each day. ‘Loan officers have to be ahead of the curve,’ he said. ‘There’ [more...]

Date: 2008-10-07 17:26:52

Blog posts (10) | Videos (20)
 

Fisc, you are right about

Fisc, you are right about pointing fingers at only one person. As you have noted, a board of directors is supposed to be looking out for ??? ... it is. This can be an exceptional advantage to getting business done but it also goes against the real ... and ultimately the shareholders are responsible. That's like saying that the bank loan officer and the [more...]

Date: 2009-01-15 22:06:17

Fisc, you are right about

Fisc, you are right about pointing fingers at only one person. As you have noted, a board of directors is supposed to be looking out for ??? ... it is. This can be an exceptional advantage to getting business done but it also goes against the real ... and ultimately the shareholders are responsible. That's like saying that the bank loan officer and the [more...]

Date: 2009-01-15 20:06:09

Sweet December

Sweet December My Dominican co-workers wore sweaters to work when temperature fell below 70 degrees in December ... outside the Hato Mayor office: these bank members finished a loan in December and took out another ... International, offices in El Seibo and Hato Mayor recently worked through a large number of loan cycle renewals [more...]

Date: 2009-01-14 16:46:51

Racing the Clock on DPA Programs: Will The Dems Save the Day?

I had some fun, yesterday, with a report about the down payment assistance ban and the First-Time Homebuyer Tax Credit ... that the Tax Credit might be collateral for a “tax refund loan”, thereby, facilitating the need ... .  I queried some senior bank credit officers about this.  What I discovered is that those defaults [more...]

Date: 2008-08-28 04:26:04

Rain City Mortgage Rates

Just a reminder that next Thursday is Thanksgiving and banks will be closed.  Our office will be closed until Monday, December 1, 2008 ... a mortgage with loan amounts of $417,001-$567,500 by the end of the year, please check ... that segment in advance of new loan limits.  It’s an odd limbo time for lenders as they try to wrap [more...]

Date: 2008-11-21 22:37:18

Corporate banking - a new phenomenon of new socio economic global order

Corporate banking consists of simple business of issuing loans to more complex matters, such as helping minimize taxes paid by overseas subsidiaries, managing changes in foreign exchange rates, or working out the details of financing packages necessary for the construction of a new office, plant or other facility. In many cases, there is an overlap between corporate banking and capital markets. [more...]

Date: 2009-09-29 12:19:39

FICO Expands Availability of Credit Score

Imagine if you could log onto your online banking account and click on a feature that not only tells you your exact credit score for free each month, ... of credit decisions each year, including more than 75 percent of U.S. mortgage loan originations”), “Scores ... Campbell, chief operating officer at Fair Isaac. Typically, customers will see the same [more...]

Date: 2009-01-15 20:01:41

While McCain Plays Games, Washington Mutual Falls

From Yahoo: WaMu is largest U.S. bank failure By Elinor Comlay and Jonathan Stempel 1 hour, 37 minutes ago NEW YORK/WASHINGTON (Reuters) ... debt. Washington Mutual, the largest U.S. savings and loan, was closed by the federal Office ... , a portfolio manager at Bahl & Gaynor Investment Counsel in Cincinnati. “He’s becoming an acquisition [more...]

Date: 2008-09-26 04:02:19

The Idea That Banks Aren’t Lending Anymore Is Ridiculous

One of the worst parts of being a money manager is that in order to stay on top of financial news one should really have CNBC on in the office ... , JPM’s total consumer loans rose by 2% or $10 billion, to $483 billion, between September 30th ... , given that the sub-prime mortgage crisis [more...]

Date: 2009-01-15 21:03:04

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